SOLDRetail
TeamCIS Acquires Retail Space In Soho For $1.45M Through Cushman & Wakefield
45 Crosby Street
$1,450,000
$725/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jun 28, 2024
AI
The retail property located at 45 Crosby Street in Soho was successfully sold for $1,450,000. The asset spans 2,000 square feet with a price per square foot of $725.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,450,000
- Address: 45 Crosby Street
- Market: Soho
- Buyer: TeamCIS
- Seller: Cranmer Art Conservation
- Brokers: Bobby Carrozzo, Michael Gembecki, Robert Burton & Evan Lush - Cushman & Wakefield
The deal was facilitated by Bobby Carrozzo, Michael Gembecki, Robert Burton, and Evan Lush from Cushman & Wakefield, representing the buyer and seller 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93