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407 Bleecker St New York, N...

Avison Young Brokers Sell Retail Property On Bleecker Street In New York City For $4.5M
SOLDRetail

Avison Young Brokers Sell Retail Property On Bleecker Street In New York City For $4.5M

407 Bleecker St New York, NY 10014, USA

$4,500,000

$4,668/SF

Building Size

964 SF

Asset Type

Retail

Closing

May 31, 2023

AI

The retail property at 407 Bleecker Street in New York City has been sold for $4,500,000. The property covers a total area of 964 square feet, resulting in a price per square foot of $4,668.

Summary of transaction details:

The deal was facilitated by Avison Young, with Brent Glodowski, David Shalom, Kate Kabili, and James Nelson serving as the brokers representing the buyer, seller, landlord, and tenant in the transaction.

Players

David Shalom

Avison Young

Broker

$546.1M

vol

37 deals

Broker
Elliott J. Chehebar

Elliott J. Chehebar

Jackson Group

Seller

$228.7M

vol

12 deals

Seller

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93