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
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