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
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93