Bobby Carrozzo, Robert Burton & Michael Gembecki Of Cushman & Wakefield Facilitate $4M Sale Of Retail Property In Soho
SOLD
$4,000,000
New York
See Similar DealsRetail3,367 SF
Sold 05/03/2024
SOLD
Bobby Carrozzo, Robert Burton & Michael Gembecki Of Cushman & Wakefield Facilitate $4M Sale Of Retail Property In Soho
96 Grand Street
See Similar DealsRetail3,367 SF
Sold 05/03/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,188
Total Square Footage:3,367 SF
Transaction Type:Sale
The retail property located at 96 Grand Street in Soho, Manhattan was sold for $4,000,000. The property spans 3,367 square feet, resulting in a price per square foot of $1,188.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 96 Grand Street
- Market: Soho, Manhattan
- SF: 3,367
- PPSF: $1,188
- Brokers: Bobby Carrozzo, Robert Burton & Michael Gembecki - Cushman & Wakefield
The sale of the retail property at 96 Grand Street was facilitated by Bobby Carrozzo, Robert Burton, and Michael Gembecki from Cushman & Wakefield, showcasing their expertise in closing deals within the vibrant market of Soho, Manhattan.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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