Gaia Real Estate Acquires Retail Property From Russell Jacobson In New York
SOLD
$34,750,000
New York
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Sold 06/16/2022
SOLD
Gaia Real Estate Acquires Retail Property From Russell Jacobson In New York
99 Allen St, New York, NY, 10002
See Similar DealsRetail
Sold 06/16/2022
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,853,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$123,459.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$164,732.73
Annual Debt Service$1,976,792.74
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