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
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93