Lee Razak Acquires Retail Property At 199 Chrystie Street For $1.8M From Charles Dubruff
199 Chrystie Street
$1,800,000
$549/SF
Building Size
3,274 SF
Asset Type
Retail
Closing
Sep 21, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 199 Chrystie Street in the Lower East Side market. The sale price for this property was $1,800,000, with a total size of 3,274 square feet, resulting in a price per square foot of $549.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,800,000
- Address: 199 Chrystie Street
- Market: Lower East Side
- Square Footage: 3,274
- Price Per Square Foot: $549
- Buyer: Lee Razak
- Seller: Charles Dubruff
- Seller's Representative: Maurice Suede, Brett Siegel, Eric Roth & Harry James - Newmark
This transaction highlights the key parties involved, with Lee Razak as the buyer and Charles Dubruff as the seller. The seller was represented by the brokerage team of Maurice Suede, Brett Siegel, Eric Roth, and Harry James from Newmark, facilitating the completion of this deal.
On the Map
$1,800,000
$549/SF
Retail
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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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93