Castellan Real Estate Partners Acquires Retail Property In New York For $10M
SOLD
$10,000,000
New York
See Similar DealsRetail10,000 SF
Sold 04/27/2016
SOLD
Castellan Real Estate Partners Acquires Retail Property In New York For $10M
4 St Marks Pl, New York, NY, 10003
See Similar DealsRetail10,000 SF
Sold 04/27/2016
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,000
Total Square Footage:10,000 SF
Transaction Type:Sale
The property located at 4 St Marks Pl, New York, NY, 10003, is a retail asset with a size of 10,000 square feet. The transaction took place on 04/27/2016, involving a purchase price of $10,000,000.00 in the vibrant market of New York.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000.00
- Seller's Representative: Nataliya Stelmakh (Eastern Consolidated)
- Buyer: Castellan Real Estate Partners
The deal was facilitated by Nataliya Stelmakh from Eastern Consolidated, representing the seller in the transaction. Castellan Real Estate Partners emerged as the buyer, finalizing the purchase of this notable retail property in the heart of New York City.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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