Lee & Associates Brokers Facilitate $1M Retail Sale On Upper West Side
214 West 72nd Street
$1,000,000
$1,733/SF
Building Size
577 SF
Asset Type
Retail
Closing
Aug 30, 2022
AI
The retail property at 214 W. 72nd St. in the Upper West Side of New York City has been sold for $1,000,000. Spanning across 577 square feet, the property was priced at approximately $1,733 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,000,000
- Address: 214 W. 72nd St., Upper West Side, New York City
- Market: Upper West Side
- Square Footage: 577 sqft
- Price Per Square Foot: $1,733
The property was acquired by Justin Chen from the sellers TVG Partners represented by Stephen Schwartz, SK Development represented by Scott Schnay, and Brooklyn Standard represented by David Manheimer. The deal was facilitated by brokers Jonathan Braun, Chris Varjan, George Steffani, and Kjersten Angel from Lee & Associates.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93