Upper Group Acquires Retail Property In Chinatown, Manhattan For $5M
SOLD
New York
See Similar DealsRetail4,185 SF
Sold 11/01/2020
SOLD
Upper Group Acquires Retail Property In Chinatown, Manhattan For $5M
24 Orchard Street
See Similar DealsRetail4,185 SF
Sold 11/01/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,601
Total Square Footage:4,185 SF
Transaction Type:Sale
The retail property located at 25 Allen Street in Chinatown, Manhattan has been sold.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 25 Allen Street
- Market: Chinatown, Manhattan
- Buyer: Upper Group - Javier Martinez
- Seller: Miriam Sand & Stephanie Rosenfeld
- BSF: 7,702
- PPBSF: $649
- SF: 3,872
- PPSF: $1,291
The buyer of the property is Upper Group, represented by Javier Martinez. The seller is Miriam Sand and Stephanie Rosenfeld.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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