Retail Property Sold In Chelsea For $5.3 Million With Brokers Ceasar Salama Izack Lati Isaac Faur Marc Sitt Nathan Aballi
401 8th Avenue
$5,300,000
$1,060/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Oct 9, 2024
AI
The property asset involved in this transaction is located at 401 8th Avenue in the Chelsea market. The asset type is retail, spanning a total of 5,000 square feet. The sale price for this property was recorded at $5,300,000, which equates to a price per square foot of $1,060.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,300,000
- Square Footage: 5,000 SF
- Price per Square Foot: $1,060
- Address: 401 8th Avenue
- Market: Chelsea
The deal involved multiple representatives from KSR, specifically Ceasar Salama, Izack Lati, Isaac Faur, Marc Sitt, and Nathan Aballi, who played pivotal roles in the transaction process for the retail property.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93