Zdislav David Sells Retail Asset At 391 Canal Street Soho Manhattan For $3M With Nina Sabag
SOLD
$3,000,000
New York
See Similar DealsRetail1,662 SF
Sold
SOLD
Zdislav David Sells Retail Asset At 391 Canal Street Soho Manhattan For $3M With Nina Sabag
391 Canal Street
See Similar DealsRetail1,662 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1805
Total Square Footage:1662 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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