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363 Greenwich St, New York,...

Regal Acquisitions Acquires Retail Space In TriBeCa For $1.9M
SOLDRetail

Regal Acquisitions Acquires Retail Space In TriBeCa For $1.9M

363 Greenwich St, New York, NY 10013, USA

$1,900,000

$942/SF

Building Size

2,015 SF

Asset Type

Retail

Closing

Nov 2, 2020

AI

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.

Players

Dan Soyak

Cushman & Wakefield

Broker

$115.8M

vol

14 deals

Broker
Joey Cohen

Joey Cohen

Regal Acquisitions

Buyer

$148.6M

vol

11 deals

Buyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93