Meir Cohen's Cohen Equities Acquires Retail Condo In Battery Park City For $4.6M
333 Rector Pl, New York, NY 10280, USA
$4,600,000
$66/SF
Building Size
69,000 SF
Asset Type
Retail
Closing
Jan 14, 2020
AI
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
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93