facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Sale

/

97 7th Ave S, New York, NY ...

Vidal Ledda Acquires Retail Condo On Seventh Ave In West Village For $11M
SOLDRetail

Vidal Ledda Acquires Retail Condo On Seventh Ave In West Village For $11M

97 7th Ave S, New York, NY 10014, USA

$11,000,000

$3,904/SF

Building Size

2,817 SF

Asset Type

Retail

Closing

Sep 4, 2019

AI

Located at 97-99 Seventh Ave South in the West Village, this retail condo was recently sold in a closed transaction. The property spans a total of 2,817 square feet and was sold at a price of $11,000,000, resulting in a price per square foot of $3,904.

Summary of transaction details:

  • Property Type: Retail Condo
  • Transaction Amount: $11,000,000
  • Address: 97-99 Seventh Ave South
  • Market: West Village

The seller of this retail condo was Bob Rinaolo, while the buyer was Vidal Ledda. Representing the seller were John Stewart and Joshua Bluestein, and the buyer was represented by Jorge Meneses. It's worth noting that the tenant for this property is @BoucherieNYC.

Players

Joshua Bluestein

Marcus & Millichap

Broker

$45.4M

vol

6 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93