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225 W 17th St

Ethan Cohen Acquires Retail Property In New York For $3.35M With Broker Matthew Marshall
SOLDRetail

Ethan Cohen Acquires Retail Property In New York For $3.35M With Broker Matthew Marshall

225 W 17th St

$3,350,000

$777/SF

Building Size

4,307 SF

Asset Type

Retail

Closing

Dec 16, 2022

AI

The retail property located at 225 W 17th St in New York was recently sold for $3,350,000. The property spans an area of 4,307 square feet, resulting in a price per square foot of $778. The transaction took place on December 16, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,350,000
  • Square Footage: 4,307
  • Price per Square Foot: $778
  • Address: 225 W 17th St, New York
  • Market: New York

Ethan Cohen was the buyer in this transaction, while Michael Shah, Angelo Cosentini, and Jeff Harmatz were the sellers. Matthew Marshall from Marshall Real Estate, LLC represented both the buyer and seller as the broker in the deal.

Players

Matthew Marshall

Marshall Real Estate

Broker

$144.4M

vol

26 deals

Broker

Angelo Cosentini

OTL Enterprises

Seller

$16.3M

vol

3 deals

Seller

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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93