Jin Sup An Acquires Retail Property On Stanton Street In New York City
99 Stanton Street
$5,000,000
$1,010/SF
Building Size
4,950 SF
Asset Type
Retail
Closing
Feb 27, 2023
AI
The retail property located at 99 Stanton Street in New York City has been sold for a total amount of $5,000,000. This property spans across 4,950 square feet, resulting in a price per square foot of $1,010. The transaction took place on 02/27/2023, with the buyer being Jin Sup An and the seller being Josef Ohayon.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,000,000
- Square Footage: 4,950
- Price Per Square Foot: $1,010
- Address: 99 Stanton Street, New York City
- Buyer: Jin Sup An
- Seller: Josef Ohayon
- Brokers: Jonathan Buerger, Stephen Dadourian, and Matthew Gavin - B6 Real Estate Advisors
The deal was facilitated by the brokers Jonathan Buerger, Stephen Dadourian, and Matthew Gavin from B6 Real Estate Advisors. They represented the respective parties involved in the transaction, aiding in the successful completion of the sale.
Players
Market 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93