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Harmony Group Capital Acquires Retail Space At 257 West 17th Street For $5.9M With Richard Z Mishaan As Buyer's Representative

Property Image
SOLD
$5,900,000
Andrew Taub
Jeff Fishman
Richard Z Mishaan

New York

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Retail12,321 SF
Sold 08/25/2025
the dealplayerscompscontact
Property Image
SOLD

Harmony Group Capital Acquires Retail Space At 257 West 17th Street For $5.9M With Richard Z Mishaan As Buyer's Representative

257 West 17th Street

See Similar Deals
Retail12,321 SF
Sold 08/25/2025
Andrew Taub
Jeff Fishman
Richard Z Mishaan
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$478
Total Square Footage:12,321 SF
Transaction Type:Sale

The retail asset located at 257 West 17th Street - Unit C-1 in Chelsea, Manhattan, has been sold for a total of $5,900,000. The property has a total square footage of 12,321 and has a price per square foot of $478.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,900,000
  • Buyer: Harmony Group Capital
  • Seller: Jodi Gerstman
  • Buyer's Representative: Richard Z Mishaan - Rizm LLC
  • Seller's Representatives: Jeff Fishman & Andrew Taub - Newmark

This transaction showcases the negotiation and collaboration between key figures, including Richard Z Mishaan representing the buyer, while Jeff Fishman and Andrew Taub acted on behalf of the seller. This collaborative effort facilitated the closing of the deal on August 25, 2025.

Players

Jeff Fishman
Newmark
Jeff Fishman
7 deals$40.6M volume(212) 916-3362
BROKER
Andrew Taub
Newmark
Andrew Taub
10 deals$5.9M volume
BROKER
Richard Z Mishaan
Richard Z Mishaan
4 deals$29.3M volume(917) 364-9680
BROKER
Newmark
Newmark
BROKERAGE

Details

SOLD
IMAGE: Jeff Fishman, Richard Z Mishaan & Andrew Taub DATE: 8/25/2025 ADDRESS: 257 West 17th Street - Unit C-1 MARKET: Chelsea, Manhattan ASSET TYPE: Retail BUYER: Harmony Group Capital SELLER: Jodi Gerstman BUYER'S REP: Richard Z Mishaan (@Richiemishaan) - Rizm LLC SELLER'S REP: Jeff Fishman & Andrew Taub - Newmark SALE PRICE: $5,900,000 SF: 12,321 ~ PPSF: $478 NOTE FROM BROKER: Let’s connect. Richard Z Mishaan [email protected] M: 917-364-9689

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12