Ling Pan Purchases Retail Property From Phillip Gesue Strategic Capital For $2.55M In Hudson Square
110 Charlton Street & 110 Charlton Street
$2,550,000
$980/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
Dec 18, 2025
AI
The property asset involved is a retail space located at 110 Charlton Street in the Hudson Square market. The total sale price for the asset is $2,550,000, with a square footage of 2,600 and a price per square foot of $981.
Summary of transaction details:
- Property Type: Retail A & B
- Transaction Amount: $2,550,000
- Buyer: Ling Pan
- Seller: Phillip Gesue Strategic Capital
- Brokers: Mathiew Wilson, Sunanne Zhu & Shiyun Shang - Alignment Realty
The deal involved key representatives Mathiew Wilson, Sunanne Zhu, and Shiyun Shang, who represented the seller in the transaction. Their involvement underscores the professional brokerage support provided in facilitating this sale.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93