Kevin Wu Purchases Retail Condo At 231 10th Avenue In Manhattan For $2.25M
231 10th Avenue
$2,250,000
$592/SF
Building Size
3,800 SF
Asset Type
Retail
Closing
Feb 13, 2026
AI
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.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93