James Nelson, Brent Glodowski, Eric Karmitz & Sarah Cafaro Of Avison Young Facilitate $11M Retail Sale In Chelsea
101 7th Avenue
$11,000,000
$211/SF
Building Size
51,942 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
The property asset is located at 101 7th Avenue in the Chelsea market of Manhattan. The sale involved a retail asset with a total square footage of 51,942, and the transaction was completed at a price of $11,000,000, which translates to a price per square foot of $211.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $11,000,000
- Square Footage: 51,942
- Price Per Square Foot: $211
- Address: 101 7th Avenue
- Market: Chelsea, Manhattan
The deal was facilitated by brokers James Nelson, Brent Glodowski, Eric Karmitz, and Sarah Cafaro, representing Avison Young in this transaction. Their involvement underscores the collaborative effort in executing this retail sale.
On the Map
$11,000,000
$211/SF
Retail
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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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93