Skyline Properties Sells Retail Property In Tribeca For $5M With Brokers Daniel Shirazi & Robert Khodadadian
SOLD
$5,000,000
New York
See Similar DealsRetail5,084 SF
Sold 11/29/2023
SOLD
Skyline Properties Sells Retail Property In Tribeca For $5M With Brokers Daniel Shirazi & Robert Khodadadian
157-163 Chambers Street
See Similar DealsRetail5,084 SF
Sold 11/29/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$983
Total Square Footage:5,084 SF
Transaction Type:Sale
The retail property at 157-163 Chambers Street in Tribeca has been sold for $5,000,000. The property spans a total of 5,084 square feet, resulting in a price per square foot of $983.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,000,000
- Date: 11/29/2023
- Address: 157-163 Chambers Street, Tribeca
- Square Footage: 5,084
- Price per Square Foot: $983
The seller of the property was Robert Kaliner. The deal was facilitated by Daniel Shirazi and Robert Khodadadian of Skyline Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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