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Yiannes Einhorn Acquires Retail Property In Chelsea, Manhattan For $8.4M
SOLD
$8,421,718
New York
See Similar DealsRetail7,653 SF
Sold 12/13/2023
SOLD
Yiannes Einhorn Acquires Retail Property In Chelsea, Manhattan For $8.4M
247 West 16th Street
See Similar DealsRetail7,653 SF
Sold 12/13/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,100
Total Square Footage:7,653 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$449,158.30
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,920.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,923.24
Annual Debt Service$479,078.88
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