Simon Liu Acquires Retail Property From KSR Capital In Chelsea For $3.1M
SOLD
$3,100,000
New York
See Similar DealsRetail3,600 SF
Sold 05/22/2026
SOLD
Simon Liu Acquires Retail Property From KSR Capital In Chelsea For $3.1M
362 8th Avenue
See Similar DealsRetail3,600 SF
Sold 05/22/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$861
Total Square Footage:3,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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