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350 West 42nd Street

Albert Rabizadeh Of Global Asset Properties Acquires Retail Condos From Johnny P. McCarthy For $5.8M
SOLDRetail

Albert Rabizadeh Of Global Asset Properties Acquires Retail Condos From Johnny P. McCarthy For $5.8M

350 West 42nd Street

$5,800,000

$853/SF

Building Size

6,793 SF

Asset Type

Retail

Closing

Dec 19, 2025

AI

Two retail condos located at 350 West 42nd Street in Hell’s Kitchen, Manhattan, were sold for $5,800,000. The total square footage of the properties is 6,793, with a price per square foot of $854.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $5,800,000
  • Buyer: Albert Rabizadeh - Global Asset Properties
  • Seller: Johnny P. McCarthy - HUBB NYC
  • Broker: Brian Segall - Newmark
  • Address: 350 West 42nd Street
  • Market: Hell’s Kitchen, Manhattan
  • SF: 6,793
  • PPSF: $854

The purchase was made through 350 West 42nd Retail LLC by Global Asset Properties from HUBB NYC. Brian Segall represented the transaction on behalf of the seller, Johnny P. McCarthy.

Players

Brian Segall

Newmark

Broker

$175.2M

vol

14 deals

Broker
Global Asset Properties
Global Asset PropertiesBuyer
HUBB NYC
HUBB NYCSeller

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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93