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223 E 86th St

H Mart Acquires Retail Property On 223 E 86th St, New York For $9M
SOLDRetail

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.

Players

HM
H MartBuyer

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