Castellan Real Estate Partners Acquires Retail Property In New York For $10M
4 St Marks Pl, New York, NY, 10003
$10,000,000
$1,000/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Apr 27, 2016
AI
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.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93