Candor Capital Acquires Retail Property In New York City For $2.63M
208 E 14th St New York, NY 10003, USA
$2,625,000
$2,262/SF
Building Size
1,160 SF
Asset Type
Retail
Closing
Jun 30, 2023
AI
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.
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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93