Andrew Cutler Acquires Retail Property At 9 Clinton Street Manhattan For $3.95M From Edward L. Rich
9 Clinton Street
$3,950,000
$1,026/SF
Building Size
3,850 SF
Asset Type
Retail
Closing
Aug 11, 2026
About this deal
AI
Andrew Cutler purchased a retail property located at 9 Clinton Street in the Lower East Side of Manhattan. The asset spans 3,850 square feet and was acquired for $3,950,000, translating to a price per square foot of $1,026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,950,000
- Sale Date: 08/11/2026
- Buyer: Andrew Cutler
- Seller: Edward L. Rich
- Square Footage: 3,850
- Price per Square Foot: $1,026
- Market: Lower East Side, Manhattan
Edward L. Rich was the seller in this transaction. The retail property deal highlights the involvement of notable individuals in the real estate market, particularly in Manhattan's competitive landscape.
On the Map
$3,950,000
$1,026/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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93