Zdislav David Sells Retail Asset At 391 Canal Street Soho Manhattan For $3M With Nina Sabag
391 Canal Street
$3,000,000
$1,805/SF
Building Size
1,662 SF
Asset Type
Retail
Closing
Sep 10, 2024
AI
The property asset involved in this transaction is a retail space located at 391 Canal Street in Soho, Manhattan. The sale price of the asset was $3,000,000, with a total square footage of 1,662. The price per square foot amounts to $1,805.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 391 Canal Street
- Market: Soho, Manhattan
- Seller: Zdislav David
- Broker: Nina Sabag - 5 Boro Realty
- SF: 1,662
- PPSF: $1,805
- Date of Transaction: 09/10/2024
This transaction was facilitated by Nina Sabag, who represented the seller, Zdislav David, in the deal. The brokerage firm involved in this transaction is 5 Boro Realty, indicating the professional network supporting the sale process in the retail market sector.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93