Regal Acquisitions Acquires Retail Space In TriBeCa For $1.9M
SOLD
$1,900,000
+ 1
New York
See Similar DealsRetail2,015 SF
Sold 11/03/2020
SOLD
Regal Acquisitions Acquires Retail Space In TriBeCa For $1.9M
363 Greenwich St, New York, NY 10013, USA
See Similar DealsRetail2,015 SF
Sold 11/03/2020
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$942
Total Square Footage:2,015 SF
Transaction Type:Sale
A retail property located at 363 Greenwich Street in TriBeCa has been sold for $1,900,000. The property spans 2,015 square feet, resulting in a price per square foot of $942.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,900,000
- Address: 363 Greenwich Street
- Market: TriBeCa
- Square Footage: 2,015
- Price Per Square Foot: $942
Regal Acquisitions, represented by Joey Cohen and Alex Smith, purchased the property from Emilie Aebi. Maurice Suede and Daniel Soyak of CushWake acted as the brokers in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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