Belkin · Burden · Goldman, LLP Acquires Retail Property From RFR For $7.25M In Chelsea
670 Sixth Avenue
$7,300,000
$1,237/SF
Building Size
5,900 SF
Asset Type
Retail
Closing
Jul 30, 2026
About this deal
AI
This retail asset, located at 670 Sixth Avenue in the Chelsea market, was sold for a transaction amount of $7,250,000. The property encompasses a total area of 5,900 square feet, resulting in a price per square foot of $1,229.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,250,000
- Address: 670 Sixth Avenue
- Market: Chelsea
- Square Footage: 5,900
- Price Per Square Foot: $1,229
- Buyer: Belkin · Burden · Goldman, LLP
- Seller: RFR
- Seller's Representative: Daniel Kaplan - CBRE
The transaction was completed with significant involvement from the brokerage community, specifically represented by Daniel Kaplan from CBRE, who acted on behalf of the seller, RFR, throughout the sales process.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93