TeamCIS Acquires Retail Space In Soho For $1.45M Through Cushman & Wakefield
SOLD
$1,450,000
+ 1
New York
See Similar DealsRetail2,000 SF
Sold 06/28/2024
SOLD
TeamCIS Acquires Retail Space In Soho For $1.45M Through Cushman & Wakefield
45 Crosby Street
See Similar DealsRetail2,000 SF
Sold 06/28/2024
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$725
Total Square Footage:2,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
Is there something missing? Send suggestions