Gaia Real Estate Acquires Retail Property From Russell Jacobson In New York
99 Allen St, New York, NY, 10002
$34,750,000
Building Size
—
Asset Type
Retail
Closing
Jun 16, 2022
About this deal
AI
The property located at 99 Allen St, New York, NY, 10002, is a retail asset that was sold on 06/16/2022 for $34,750,000.00. The transaction took place in the New York market.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $34,750,000.00
- Address: 99 Allen St, New York, NY, 10002
- Seller's Representative: Russell Jacobson (Douglas Elliman)
- Buyer: Gaia Real Estate
The deal was facilitated by Russell Jacobson from Douglas Elliman, representing the seller in the transaction. Gaia Real Estate emerged as the buyer in this property sale.
On the Map
$34,750,000
Retail
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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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93