Baker Capital Group Acquires 160 Front Street Mixed-Use Property In Manhattan For $23.5M
Units
23,500,000
Asset Type
—
Closing
Nov 4, 2026
About this deal
AI
The mixed-use property at 160 Front Street, located in Manhattan, has a sale price of $23,500,000. The property encompasses a total of 52,969 square feet and includes 63 units, with a price per unit of $373,015 and a price per square foot of $443. It occupies a full city block in the Financial District, featuring 62 residential apartments along with a Starbucks in the commercial space.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $23,500,000
- Units: 63
- Price Per Unit: $373,015
- Total Square Feet: 52,969
- Price Per Square Foot: $443
- Buyer: Don Bichoupan & Jordan Cohen - Baker Capital Group LLC
- Brokers: Norman Bobrow & Jonathan Kershner - Norman Bobrow & Company
- Acquisition Date: October 28, 2026
Baker Capital Group's representatives in the deal were Don Bichoupan and Jordan Cohen. BCG aims to grow its New York City portfolio with this well-located, income-producing asset.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93