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
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