Simon Liu Acquires Retail Property From KSR Capital In Chelsea For $3.1M
362 8th Avenue
$3,100,000
$861/SF
Building Size
3,600 SF
Asset Type
Retail
Closing
May 21, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 362 8th Avenue in Chelsea. The sale price for this asset was $3,100,000. It comprises a total square footage of 3,600, resulting in a price per square foot of $861.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,100,000
- Buyer: Simon Liu
- Seller: KSR Capital
- Broker: Marc Sitt - KSR
This transaction was facilitated by broker Marc Sitt, who represents KSR, the selling party in this deal. The involvement of Simon Liu as the buyer highlights the active interest in retail properties within the Chelsea market.
On the Map
$3,100,000
$861/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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93