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101 7th Avenue

James Nelson, Brent Glodowski, Eric Karmitz & Sarah Cafaro Of Avison Young Facilitate $11M Retail Sale In Chelsea
SOLDRetail

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

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.

Players

Eric Karmitz

Avison Young

Broker

$767.7M

vol

36 deals

Broker
Avison Young
Avison YoungBrokerage

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