Upper Group Acquires Retail Property In Chinatown, Manhattan For $5M
24 Orchard Street
$6,700,000
$1,601/SF
Building Size
4,185 SF
Asset Type
Retail
Closing
Nov 1, 2020
About this deal
AI
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.
The retail sale at 24 Orchard Street in New York, New York sold for $6.7M in 2020. The building is 4,185 square feet, implying about 1.6K per square foot on the published price. Named participants on the 24 Orchard Street sale are Javier Martinez, Miriam Sand. This page is the New York, New York file for the 24 Orchard Street retail sold: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else sold near 24 Orchard Street around 2020. Published consideration for 24 Orchard Street is $6.7M, dated 2020. Cite this Upper Group Acquires Retail Property In Chinatown, Manhattan For $5M sale when underwriting similar retail product around New York, New York.
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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93