Elazar Grinstein Acquires West Chelsea Retail Condo At 524 West 19th Street For $3.25M
524 W 19th St, New York, NY 10011, USA
$3,250,000
$918/SF
Building Size
3,537 SF
Asset Type
Retail
Closing
Nov 28, 2020
AI
Located in West Chelsea, Manhattan, this retail condo at 524 West 19th Street has recently been sold for $3,250,000. Spanning over 3,537 square feet, the property offers a prime location in the vibrant West Chelsea market.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $3,250,000
- Address: 524 West 19th Street
- Market: West Chelsea, Manhattan
Representing the seller in this transaction was Brock Emmetsberger from CushWake. On the buyer's side, Elazar Grinstein acquired the property with the assistance of Dominic Coluccio and Nick Riback from The Corcoran Group.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93