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Meir Cohen's Cohen Equities Acquires Retail Condo In Battery Park City For $4.6M

Property Image
SOLD
$4,600,000
Matthew Marshall
Meir M. Cohen

New York

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Retail69,000 SF
Sold 01/15/2020
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Property Image
SOLD

Meir Cohen's Cohen Equities Acquires Retail Condo In Battery Park City For $4.6M

333 Rector Pl, New York, NY 10280, USA

See Similar Deals
Retail69,000 SF
Sold 01/15/2020
Matthew Marshall
Meir M. Cohen
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$66
Total Square Footage:69,000 SF
Transaction Type:Sale

Located at 333 Rector Place in Battery Park City, the property involved in this transaction is a retail condo with a total area of 6,900 square feet. It consists of three retail stores, offering a space suitable for various business ventures.

Summary of transaction details

  • Property Type: Retail Condo
  • Transaction Amount: $4,600,000
  • Square Footage: 6,900
  • Price per Square Foot: $666.67
  • Units: Retail Condo broken up into 3 Retail Stores
  • Market: Battery Park City

The seller of this retail condo was Ascot Properties NYC, while the buyer was Meir Cohen, the representative of Cohen Equities. Facilitating this transaction was Matthew Marshall from Marshall Real Estate, LLC, who served as the broker for Meir Cohen. The deal was successfully closed on January 15, 2020.

Players

Matthew Marshall
Marshall Real Estate
Matthew Marshall
26 deals$144.4M volume
BROKER
Meir M. Cohen
Meir M. Cohen
5 deals$30.9M volume
BUYER
AN
Ascot Properties NYC
SELLER

Details

SOLD
IMAGE: Meir Cohen, Matthew Marshall, Jonny Cohen DATE: 01/15/2020 ADDRESS: 333 Rector Place MARKET: Battery Park City ASSET TYPE: Retail Condo SALE PRICE: $4,600,000 SF: 6,900 PPSF: $666.67 UNITS: Retail Condo broken up into 3 Retail Stores SELLER: Ascot Properties NYC BUYER: Meir Cohen – Cohen Equities BROKERS: Matthew Marshall – Marshall Real Estate, LLC […]

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

$245,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16