SOLDRetail
Skyline Properties Sells Retail Property In Tribeca For $5M With Brokers Daniel Shirazi & Robert Khodadadian
157-163 Chambers Street
$5,000,000
$983/SF
Building Size
5,084 SF
Asset Type
Retail
Closing
Nov 29, 2023
AI
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.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93