Jin Sup An Acquires Retail Property On Stanton Street In New York City
SOLD
$5,000,000
New York
See Similar DealsRetail4,950 SF
Sold 02/27/2023
SOLD
Jin Sup An Acquires Retail Property On Stanton Street In New York City
99 Stanton Street
See Similar DealsRetail4,950 SF
Sold 02/27/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,010
Total Square Footage:4,950 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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