Bobby Carrozzo, Robert Burton & Michael Gembecki Of Cushman & Wakefield Facilitate $4M Sale Of Retail Property In Soho
96 Grand Street
$4,000,000
$1,188/SF
Building Size
3,367 SF
Asset Type
Retail
Closing
May 3, 2024
AI
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.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93