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219 Hudson Street

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

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:

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

Tri State Commercial Realty

Broker

$10.7M

vol

33 deals

Broker

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