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41-43 Warren Street, New Yo...

Wilson Lu Purchases Retail Property On Warren Street In TriBeCa For $4.15M
SOLDRetail

Wilson Lu Purchases Retail Property On Warren Street In TriBeCa For $4.15M

41-43 Warren Street, New York City, New York 10007, United States

$4,150,000

$1,383/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Oct 1, 2021

AI

The retail property located at 41-43 Warren Street in TriBeCa has been sold for a price of $4,150,000. The transaction took place on October 1, 2021. This 3,000 square foot property was purchased by Wilson Lu from the seller, The Estate of Richard Imperatore - Teresa Cavallo.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,150,000
  • Address: 41-43 Warren Street
  • Market: TriBeCa

Evan Gasman from Carr Healthcare Realty represented the buyer, Wilson Lu, in this deal. On the seller's side, Josh Doyle and Darcy Cohen from Compass served as the representatives. It's worth mentioning that Evan Gasman specializes in assisting medical offices in NYC with property purchases and leases.

The buyers, Wilson Lu, are planning to establish a first-class dental facility at this location. For further questions or information, Evan Gasman can be reached at [email protected]. Additionally, Josh Doyle and Darcy Cohen have been commended for their expertise as top brokers, making the transaction a smooth process.

Players

Josh Doyle

Compass

Broker

$14.4M

vol

3 deals

Broker

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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93