Vidal Ledda Acquires Retail Condo On Seventh Ave In West Village For $11M
SOLD
$11,000,000
New York
See Similar DealsRetail2,817 SF
Sold
SOLD
Vidal Ledda Acquires Retail Condo On Seventh Ave In West Village For $11M
97 7th Ave S, New York, NY 10014, USA
See Similar DealsRetail2,817 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$3,904
Total Square Footage:2,817 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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