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:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 407 Bleecker Street, New York City
- Market: New York City
- Seller: Elliott Chehebar
- Brokers: Brent Glodowski, David Shalom, Kate Kabili, James Nelson - Avison Young
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
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