Candor Capital Acquires Retail Property In New York City For $2.63M
SOLD
$2,625,000
New York
See Similar DealsRetail1,160 SF
Sold
SOLD
Candor Capital Acquires Retail Property In New York City For $2.63M
208 E 14th St New York, NY 10003, USA
See Similar DealsRetail1,160 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$2262
Total Square Footage:1160 SF
Transaction Type:Sale
The retail property located at 208 East 14th Street in New York City has been sold for a price of $2,625,000. The property spans 1,160 square feet and has a price per square foot of $2,263.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,625,000
- Square Footage: 1,160
- Price per Square Foot: $2,263
- Buyer: Candor Capital - Ben Meshel & Adam Ibrahim
- Seller: Bella Sekons
- Broker: Matthew Marshall
- Date: 06/30/2023
- Market: New York City
The buyer of the property is Candor Capital, represented by Ben Meshel and Adam Ibrahim, while the seller is Bella Sekons. The transaction was facilitated by broker Matthew Marshall.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,326.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,443.84
Annual Debt Service$149,326.07
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