Elazar Grinstein Acquires West Chelsea Retail Condo At 524 West 19th Street For $3.25M
SOLD
$3,250,000
New York
See Similar DealsRetail3,537 SF
Sold 11/29/2020
SOLD
Elazar Grinstein Acquires West Chelsea Retail Condo At 524 West 19th Street For $3.25M
524 W 19th St, New York, NY 10011, USA
See Similar DealsRetail3,537 SF
Sold 11/29/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$918
Total Square Footage:3,537 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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