H Mart Acquires Retail Property On 223 E 86th St, New York For $9M
223 E 86th St
$9,000,000
$1,065/SF
Building Size
8,451 SF
Asset Type
Retail
Closing
Jan 5, 2023
AI
The retail property located at 223 E 86th St in New York has been sold. The property was purchased by H Mart from Michael Appell. The deal was facilitated by brokers Enrique Constante and Jordan Mandel from Vanguard Global Realty. The transaction took place on January 5, 2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Square Footage: 8,451
- Price per Square Foot: $1,065
H Mart, a buyer in the transaction, acquired the retail property located at 223 E 86th St in New York from the seller, Michael Appell. The sale was facilitated by brokers Enrique Constante and Jordan Mandel from Vanguard Global Realty. The property spans 8,451 square feet with a sale price of $9,000,000, resulting in a price per square foot of $1,065.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93