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

Property Image
SOLD
$4,300,000
Jordan Sutton
Charlie Gravina
+ 2

New York

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Retail22,018 SF
Sold 07/03/2024
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Property Image
SOLD

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

222 West 145th Street & 226 West 145th Street

See Similar Deals
Retail22,018 SF
Sold 07/03/2024
Jordan Sutton
Charlie Gravina
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$195
Total Square Footage:22,018 SF
Transaction Type:Sale

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
21 deals$280.6M volume
BROKER

Jordan Sutton
33 deals$246.4M volume(917) 284-1406
BROKER

Andrew Berry
Cushman & Wakefield
33 deals$410.9M volume
BROKER

Chandler Slate
Tri State Commercial Realty
33 deals$10.7M volume
BROKER

Frederick Betesh
Tri State Commercial Realty
18 deals$28.2M volume(646) 828-8928
BROKER

Details

SOLD
IMAGE: Andrew Berry, Chandler Slate, Jordan Sutton, Frederick Betesh & Charlie Gravina DATE: 07/03/2024 ADDRESS: 222-226 West 145th Street MARKET: Manhattan ASSET TYPE: Retail BUYER: Sohjaveer Sing SELLER: Bristlecone BUYER'S REP: Chandler Slate (@Chandler.Slate) & Frederick Betesh (@Wind_And_Sea) - Tri State Commercial Realty SELLER'S REP: Andrew Berry (@AtBerry3), Charlie Gravina (@Chuckee_G) & Jordan Sutton (@JSutto12) - Cushman & Wakefield (@CushWake) SALE PRICE: $4,300,000 SF: 11,009 ~ PPSF: $391

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33