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177-179 Duane Street

Peter Marren Sells Retail Property In New York City For $4M With Brokers From Cushman & Wakefield
SOLDRetail

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

Dan Soyak

Cushman & Wakefield

Broker

$115.8M

vol

14 deals

Broker

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