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
About this deal
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.
On the Map
$7,700,000
$2,202/SF
Retail
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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