Robert Gober Acquires Retail Property In Manhattan For $7.75M
218 W 20th St, New York, NY 10011, USA
Building Size
4,978 SF
Asset Type
Retail
Closing
May 17, 2022
About this deal
AI
The retail property located at 218 W 20th Street in New York City, Manhattan, was sold in May 2017 for a total price of $7,750,000. The transaction involved the seller, the Dorothea & Leo Rabkin Foundation, and the buyer, Robert Gober.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,750,000
- Address: 218 W 20th Street
- City: New York
- Market: Manhattan
The Dorothea & Leo Rabkin Foundation, acting as the seller, successfully closed the deal with buyer Robert Gober. Gober is a prominent figure in the real estate industry and was represented by his broker in the transaction.
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