Peter Marren Sells Retail Property In New York City For $4M With Brokers From Cushman & Wakefield
177-179 Duane Street
$4,000,000
$1,363/SF
Building Size
2,933 SF
Asset Type
Retail
Closing
May 1, 2023
AI
The retail property located at 177-179 Duane Street in New York City has been sold for a total of $4,000,000. The property spans 2,933 square feet, resulting in a price per square foot of $1,364. The transaction took place on 05/01/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 177-179 Duane Street, New York City
- Square Footage: 2,933
- Price Per Square Foot: $1,364
The seller of the property is Peter Marren. The transaction was facilitated by Maurice Suede and Dan Soyak from Cushman & Wakefield.
Players
Market 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93