Davean Holdings Buys Retail Property On 55 Stone St, New York For $10.1M
55 Stone St, New York, NY, 10004
$10,100,000
$687/SF
Building Size
14,690 SF
Asset Type
Retail
Closing
Sep 24, 2021
About this deal
AI
The retail property located at 55 Stone St, New York, NY, 10004 was sold for $10,100,000.00 on 09/24/2021. The asset spans 14,690 square feet in the New York market. The seller, Goodman Properties, was represented by Marc Palermo from Douglas Elliman. The buyer in this transaction was Davean Holdings.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,100,000.00
- Address: 55 Stone St, New York, NY, 10004
- Market: New York
- Seller's Rep: Marc Palermo (Douglas Elliman)
- Buyer: Davean Holdings
- SF: 14,690
The sale of the retail property at 55 Stone St was facilitated by Marc Palermo of Douglas Elliman who represented Goodman Properties in the deal. Davean Holdings emerged as the buyer in this transaction, acquiring the property in the bustling New York market.
On the Map
$10,100,000
$687/SF
Retail
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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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93