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242 W 26th St, New York, NY...

Edwin Torres Purchases Retail Co-op At 242 West 26th Street In New York For $2.65M
SOLDRetail

Edwin Torres Purchases Retail Co-op At 242 West 26th Street In New York For $2.65M

242 W 26th St, New York, NY 10001, USA

$2,650,000

$1,325/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Aug 13, 2018

AI

The retail co-op located at 242 West 26th Street in New York has been sold for a price of $2,650,000. The property spans 2,000 square feet, resulting in a price per square foot of $1,325.

Summary of transaction details

  • Property Type: Retail Co-op
  • Transaction Amount: $2,650,000
  • Address: 242 West 26th Street
  • City: New York
  • Market: New York
  • Property Size: 2,000 square feet
  • Price Per Square Foot: $1,325

The seller of the retail co-op was Hiten Manseta, and the buyer was Edwin Torres. The deal was facilitated by Jeff Nissani from the agency @JeffNissani.

Players

Jeffrey Nissani

JSN Properties

Broker

$15.4M

vol

10 deals

Broker
Lang Realty
Lang RealtyBrokerage

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93