James Nelson, Brent Glodowski, Eric Karmitz & Sarah Cafaro Of Avison Young Facilitate $11M Retail Sale In Chelsea
SOLD
$11,000,000
+ 1
New York
See Similar DealsRetail51,942 SF
Sold
SOLD
James Nelson, Brent Glodowski, Eric Karmitz & Sarah Cafaro Of Avison Young Facilitate $11M Retail Sale In Chelsea
101 7th Avenue
See Similar DealsRetail51,942 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$211
Total Square Footage:51942 SF
Transaction Type:Sale
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.
Players
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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