SOLDRetail
A1001 Limited Purchases Retail Building At 357 West 16th Street For $7.7 Million From Maxwelle Real Estate Group
357 West 16th Street
$7,700,000
$1,350/SF
Building Size
5,700 SF
Asset Type
Retail
Closing
May 29, 2026
About this deal
AI
A retail building located at 357 West 16th Street in Chelsea, Manhattan was sold for $7.7 million. The property covers a square footage of 5,700 with a building size of 9,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7.7 million
- Address: 357 West 16th Street
- Market: Chelsea, Manhattan
- Seller: Richard Weisfisch
- Seller's Agency: Maxwelle Real Estate Group
- Buyer: A1001 Limited
- Buyer's Agency: Belkin Burden Goldman
- Buyer's Location: Based in Japan
A1001 Limited acquired the property from Maxwelle Real Estate Group and the transaction was facilitated by Belkin Burden Goldman, representing the buyer in the deal.
Players
Market 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