Leslie Granger Acquires Retail Property In Chelsea For $7.68M
152 W 24th St, Manhattan, New York, NY, USA
$7,680,000
$760/SF
Building Size
10,098 SF
Asset Type
Retail
Closing
Nov 5, 2020
AI
The retail property located at 152 W. 24th St. in Chelsea has been sold in a recent transaction. The property is zoned M1-6 and offers a total building square footage (BSF) of 24,690. The price per square foot (PPSF) is $311, resulting in a sale price of $7,680,000. The property spans a total area of 10,098 square feet, with a price per square foot (PPSF) of $760.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,680,000
- Address: 152 W. 24th St.
- Market: Chelsea
- Zoning: M1-6
The buyer of the property is Leslie Granger, while the seller is McSam Hotel Group, represented by Sam Chang. The deal was facilitated by Joe Genovese from Lee Odell Real Estate.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.07%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93