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

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SOLD
$3,900,000

New York

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Retail18,400 SF
Sold 08/28/2024
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Property Image
SOLD

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

97 Reade Street & 101 Reade Street

See Similar Deals
Retail18,400 SF
Sold 08/28/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$212
Total Square Footage:18,400 SF
Transaction Type:Sale

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
51 deals$293.6M volume
BROKER

Michael Guarino Sr.
Friedman-Roth Realty
1 deal$3.9M volume(516) 510-4188
BROKER

Details

SOLD
IMAGE: Richard Guarino, Michael Guarino Sr. DATE: 08/28/2024 ADDRESS: 97-101 Reade Street MARKET: Tribeca, Manhattan ASSET TYPE: Retail BUYER: Jourdan Krauss SELLER: John Young BROKERS: Michael Guarino Sr & Richard Guarino (@RichardThomas_NYC) - Friedman-Roth Realty (@FriedmanRoth) SALE PRICE: $3,900,000 SF: 9,200 ~ PPSF: $423

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

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88