Maxwelle Realty Sells 3,496 SF Retail Property At 357 West 16th Street For $7.7M
357 West 16th Street
$7,700,000
$2,202/SF
Building Size
3,496 SF
Asset Type
Retail
Closing
May 28, 2026
AI
The property asset involved in this transaction is a retail space located at 357 West 16th Street in Chelsea, Manhattan. The sale price for this asset was $7,700,000, with a total area of 3,496 square feet, resulting in a price per square foot of $2,202.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,700,000
- Address: 357 West 16th Street
- Market: Chelsea, Manhattan
- Square Footage: 3,496
- Price Per Square Foot: $2,202
- Seller: Maxwelle Realty
- Broker Representatives: Brent Glodowski & Lea Voytovich - Avison Young
The key individuals involved in this deal are Brent Glodowski and Lea Voytovich, who represented the seller, Maxwelle Realty, in this transaction.
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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93