SOLDRetail
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
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.
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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