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Remedy Liquor Acquires Retail Space At 219 Hudson Street For $2 Million With Brokers Isaac Abed Jack Sardar And Chandler Slate

Property Image
SOLD
$2,000,000
Chandler Slate
Isaac Abed
+ 1

New York

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Retail2,695 SF
Sold 05/24/2024
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Property Image
SOLD

Remedy Liquor Acquires Retail Space At 219 Hudson Street For $2 Million With Brokers Isaac Abed Jack Sardar And Chandler Slate

219 Hudson Street

See Similar Deals
Retail2,695 SF
Sold 05/24/2024
Chandler Slate
Isaac Abed
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$742
Total Square Footage:2,695 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 219 Hudson Street in the Hudson Square market. The asset type is Retail, consisting of a total square footage of 2,695 square feet. The transaction was completed for a sale price of $2,000,000, which reflects a price per square foot of $742.

Summary of transation details:

This transaction involves key individuals and companies, with Arbi Grigoryan representing the buyer, Remedy Liquor. The seller, Express Builders JB Inc, was represented by Isaac Abed, Jack Sardar, and Chandler Slate from Tri State Commercial Realty. These representatives played a significant role in facilitating the successful completion of the sale.

Players

Chandler Slate
33 deals$10.7M volume
BROKER

Jack Sardar
Tri State Commercial Realty
22 deals$57.5M volume
BROKER

Isaac Abed
Momentum Realty Group
12 deals$2M volume(917) 704-2258
BROKER

Arbi Grigoryan
1 deal$2M volume
BROKER

Details

SOLD
IMAGE: Isaac Abed, Jack Sardar & Chandler Slate DATE: 05/24/2024 ADDRESS: 219 Hudson Street MARKET: Hudson Square ASSET TYPE: Retail BUYER: Remedy Liquor SELLER: Express Builders JB inc BUYER'S REP: Arbi Grigoryan (@Grigoryan_Arbi) - Grigoryan Agency SELLER'S REP: Isaac Abed (@Isaac_Abed), Jack Sardar (@JackSardar_RealEstate) & Chandler Slate (@Chandler.Slate) - Tri State Commercial Realty (@TriStateCommercial) SALE PRICE: $2,000,000 SF: 2,695 ~ PPSF: $742

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24