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
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