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97 Reade Street

Updated Dec 4, 2024

Jourdan Krauss Purchases Retail Property At 97-101 Reade Street From John Young For $3.9M
SOLDRetail

Jourdan Krauss Purchases Retail Property At 97-101 Reade Street From John Young For $3.9M

97 Reade Street & 101 Reade Street

$3,900,000

$212/SF

Building Size

9,200 SF

Asset Type

Retail

Closing

Aug 28, 2024

About this deal

AI

The property asset involved in the transaction is a retail space located at 97-101 Reade Street in the Tribeca market of Manhattan. The sale price was $3,900,000, with the space covering an area of 9,200 square feet, equating to a price per square foot of $423.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,900,000
  • Address: 97-101 Reade Street
  • Market: Tribeca, Manhattan
  • Square Footage: 9,200
  • Price Per Square Foot: $423
  • Buyer: Jourdan Krauss
  • Seller: John Young
  • Brokers: Michael Guarino Sr & Richard Guarino - Friedman-Roth Realty

The key individuals involved in the deal include the buyer, Jourdan Krauss, and the seller, John Young. The transaction was facilitated by brokers Michael Guarino Sr and Richard Guarino, representing Friedman-Roth Realty in the process.

Players

Richard Guarino

Friedman-Roth Realty

Broker

$313.1M

vol

53 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $212 per square foot on a published $3.9M for 18,400 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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