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Baker Capital Group Acquire...

Updated Nov 6, 2026

Baker Capital Group Acquires 160 Front Street Mixed-Use Property In Manhattan For $23.5M
SOLD

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:

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.

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Players

Norman Bobrow

Norman Bobrow & Company

Broker

2 deals

Broker
Don Bichoupan

Don Bichoupan

Baker Capital Group

Buyer

$16.9M

vol

16 deals

Buyer
Bilt advertisement

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

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