Remedy Liquor Acquires Retail Space At 219 Hudson Street For $2 Million With Brokers Isaac Abed Jack Sardar And Chandler Slate
219 Hudson Street
$2,000,000
$742/SF
Building Size
2,695 SF
Asset Type
Retail
Closing
May 24, 2024
AI
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:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 219 Hudson Street
- Market: Hudson Square
- Square Footage: 2,695
- Price per Square Foot: $742
- Buyer: Remedy Liquor
- Seller: Express Builders JB inc
- Buyer's Representative: Arbi Grigoryan - Grigoryan Agency
- Seller's Representatives: Isaac Abed, Jack Sardar & Chandler Slate - Tri State Commercial Realty
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
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93