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:
- Property Type: Retail
- Transaction Amount: $4,300,000
- Address: 222-226 West 145th Street
- Market: Manhattan
- Square Footage: 11,009
- Price Per Square Foot: $391
- Buyer: Sohjaveer Sing
- Seller: Bristlecone
- Buyer's Representative: Chandler Slate & Frederick Betesh - Tri State Commercial Realty
- Seller's Representative: Andrew Berry, Charlie Gravina & Jordan Sutton - Cushman & Wakefield
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
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