Abraham Kassin Acquires Retail Condo In Chelsea, Manhattan For $1.5M
158 West 23rd Street
$1,500,000
$750/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Dec 27, 2022
AI
Located at 158 West 23rd Street in Chelsea, Manhattan, this retail condo was recently sold in a closed transaction. The property spans 3,286 square feet, with a sale price of $1,500,000, resulting in a price per square foot of $456. The transaction was completed on December 27, 2022.
Summary of Transaction Details
- Property Type: Retail Condo
- Transaction Amount: $1,500,000
- Address: 158 West 23rd Street, Chelsea, Manhattan
- Square Footage: 3,286
- Buyer: Abraham Kassin
- Brokers: Howard Raber Esq. & Shimon Shkury - Ariel Property Advisors
Represented by Howard Raber Esq. and Shimon Shkury of Ariel Property Advisors, Abraham Kassin successfully acquired this retail condo in Chelsea. The deal was finalized, further contributing to the vibrant real estate market in the area.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93