SOLDRetail
Yiannes Einhorn Acquires Retail Property In Chelsea, Manhattan For $8.4M
247 West 16th Street
$8,421,718
$1,100/SF
Building Size
7,653 SF
Asset Type
Retail
Closing
Dec 13, 2023
AI
In Chelsea, Manhattan, a retail property located at 247 West 16th Street has been sold for $8,421,718. The property has a total area of 7,653 square feet and a price per square foot of $1,100. The transaction took place on 12/13/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,421,718
- Property Address: 247 West 16th Street
- Market: Chelsea, Manhattan
The buyer of the property was Yiannes Einhorn, while the seller was Celia Gould.
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
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93