Blue NY 156 7th LLC Acquires Retail Asset From Jeff Krasnoff's Rialto Capital For $12.25M
156 7th Avenue
$12,250,000
$3,530/SF
Building Size
3,470 SF
Asset Type
Retail
Closing
May 7, 2026
About this deal
AI
A 3,470-square-foot retail asset has been sold located at 156 7th Avenue in Manhattan's Chelsea neighborhood. The property was transacted for a sale price of $12,250,000, resulting in a price per square foot of $3,530.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,250,000
- Address: 156 7th Avenue
- Market: Chelsea, Manhattan
- Buyer: Blue NY 156 7th LLC
- Seller: Jeff Krasnoff - Rialto Capital
- Square Footage: 3,470
- Price per Square Foot: $3,530
In this transaction, Blue NY 156 7th LLC acted as the buyer, acquiring the property from the seller, Jeff Krasnoff, who is associated with Rialto Capital. This sale reflects the engagement of key players in a significant retail asset deal in a sought-after Manhattan location.
On the Map
$12,250,000
$3,530/SF
Retail
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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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93