Kevin Wu Purchases Retail Condo At 231 10th Avenue In Manhattan For $2.25M
SOLD
$2,250,000
New York
See Similar DealsRetail3,800 SF
Sold 02/13/2026
SOLD
Kevin Wu Purchases Retail Condo At 231 10th Avenue In Manhattan For $2.25M
231 10th Avenue
See Similar DealsRetail3,800 SF
Sold 02/13/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$592
Total Square Footage:3,800 SF
Transaction Type:Sale
A retail condominium located at 231 10th Avenue in Manhattan has been sold for $2,250,000. The property spans 3,800 square feet with a price per square foot of $592 and was delivered vacant at closing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,250,000
- Address: 231 10th Avenue
- Market: Manhattan
- Square Footage: 3,800
- Price per Square Foot: $592
- Buyer: Kevin Wu
- Seller: Douglas Abrams
- Seller's Rep: Scott Plasky, Chase Friedman & Joseph Koicim - Marcus & Millichap
The deal saw Kevin Wu purchase the property from Douglas Abrams, with Scott Plasky, Chase Friedman, and Joseph Koicim from Marcus & Millichap representing the seller. Notably, brokers are managing additional similar vacancies throughout Manhattan.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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