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222 West 145th Street

Sohjaveer Sing Acquires Retail Property At 222-226 West 145th Street For $4.3M
SOLDRetail

Sohjaveer Sing Acquires Retail Property At 222-226 West 145th Street For $4.3M

222 West 145th Street & 226 West 145th Street

$4,300,000

$195/SF

Building Size

22,018 SF

Asset Type

Retail

Closing

Jul 3, 2024

AI

The property asset involved in this transaction is a retail space located at 222-226 West 145th Street, Manhattan. The sale price of the property was $4,300,000, with a total square footage of 11,009 and a price per square foot of $391.

Summary of transaction details:

This transaction was facilitated with the involvement of multiple representatives. The seller, Bristlecone, was represented by Andrew Berry, Charlie Gravina, and Jordan Sutton from Cushman & Wakefield, while the buyer, Sohjaveer Sing, was represented by Chandler Slate and Frederick Betesh of Tri State Commercial Realty.

Players

Charlie Gravina

Cushman & Wakefield

Broker

$280.6M

vol

21 deals

Broker

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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93