Javeri Capital Acquires Retail Condo In Manhattan For $6.6M
19 Greene St, New York, NY 10013, USA
Building Size
6,470 SF
Asset Type
Retail
Closing
Dec 11, 2017
About this deal
AI
The property at 19-21 Greene St in New York City's Manhattan neighborhood has been sold. The retail condo, spanning 6,470 square feet, was purchased for $6,600,000 by Javeri Capital. The previous owner, 21 Greene Street LLC, was represented by Sergio Francesca.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $6,600,000
- Square Footage: 6,470 sf
- Address: 19-21 Greene St, New York, NY
- Market: Manhattan
Javeri Capital, led by Kumar Javeri, acted as the buyer in this transaction. They acquired the retail condo from the seller, 21 Greene Street LLC, represented by Sergio Francesca.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93