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
About this deal
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.
The retail sale at 247 West 16th Street in New York, New York sold for $8.4M in 2023. The building is 7,653 square feet, implying about 1.1K per square foot on the published price. Named participants on the 247 West 16th Street sale are Yiannes Einhorn. This page is the New York, New York file for the 247 West 16th Street retail sold: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else sold near 247 West 16th Street around 2023. Published consideration for 247 West 16th Street is $8.4M, dated 2023. Cite this Yiannes Einhorn Acquires Retail Property In Chelsea, Manhattan For $8.4M sale when underwriting similar retail product around New York, New York.
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