Retail Property Sold In Chelsea For $5.3 Million With Brokers Ceasar Salama Izack Lati Isaac Faur Marc Sitt Nathan Aballi
SOLD
$5,300,000
+ 2
New York
See Similar DealsRetail5,000 SF
Sold 10/09/2024
SOLD
Retail Property Sold In Chelsea For $5.3 Million With Brokers Ceasar Salama Izack Lati Isaac Faur Marc Sitt Nathan Aballi
401 8th Avenue
See Similar DealsRetail5,000 SF
Sold 10/09/2024
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,060
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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