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174 Duane Street

Rose Dum Purchases Retail Space At 174 Duane Street From Joey Cohen For $2.3M
SOLDRetail

Rose Dum Purchases Retail Space At 174 Duane Street From Joey Cohen For $2.3M

174 Duane Street

$2,300,000

$1,210/SF

Building Size

1,900 SF

Asset Type

Retail

Closing

Nov 27, 2024

AI

The asset involved in this transaction is a retail property located at 174 Duane Street in the TriBeCa market. The sale price was $2,300,000, and the property encompasses 1,900 square feet, resulting in a price per square foot of $1,210.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,300,000
  • Address: 174 Duane Street
  • Market: TriBeCa
  • Square Footage: 1,900
  • Price per Square Foot: $1,210
  • Buyer: Rose Dum
  • Seller: Joey Cohen
  • Brokers: Jacob Stavsky - Stav Equities LLC & Nathan Horne - Compass

This transaction was facilitated by brokers Jacob Stavsky from Stav Equities LLC and Nathan Horne from Compass, who represented the buyer and seller respectively, playing crucial roles in concluding the deal.

Players

Jacob Stavsky

Stav Equities LLC

Broker

$175.2M

vol

29 deals

Broker
Nathan Horne
Verified Badge

Nathan Horne

Compass

Broker

$211.7M

vol

27 deals

Broker

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93