The Group Hospitality Acquires Retail Asset In West Village Manhattan For $7,300,000
87 7th Avenue South
$7,300,000
$1,789/SF
Building Size
4,079 SF
Asset Type
Retail
Closing
Sep 25, 2026
About this deal
AI
The retail asset sold is located at 87 7th Avenue South in the West Village of Manhattan. The sale price for the property amounted to $7,300,000, with a total square footage of 4,079. The price per square foot is recorded at $1,789.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,300,000
- Square Footage: 4,079
- Price per Square Foot: $1,789
- Buyer: The Group Hospitality
- Seller: W-Financial
- Brokers: Zach Redding, Dylan Kane & Sarah Short - Colliers
The deal was facilitated by brokers Zach Redding, Dylan Kane, and Sarah Short, who represented the buyer and seller in this transaction. Each broker played a key role in the process of closing the sale, ensuring that all aspects of the deal were managed effectively.
On the Map
$7,300,000
$1,789/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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93