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106 Prince St, New York, NY...

Updated Dec 21, 2023

Aiden Brooks Acquires Retail Building And 2 Retail Condominiums In Manhattan For $82.5M
SOLD

Aiden Brooks Acquires Retail Building And 2 Retail Condominiums In Manhattan For $82.5M

106 Prince St, New York, NY 10012, USA

Building Size

21,600 SF

Asset Type

Closing

Nov 28, 2020

About this deal

AI

Daniel Kaplan and Aidan Brooks have acquired three properties in Manhattan for a total of $82,500,000. The properties include a retail building located at 106 Prince Street, as well as two retail condominiums at 102 Prince Street and 114-122 Greene Street. The total square footage of the properties is 21,600, with an average price per square foot of $3,819.

Summary of transation details

  • Property Type: Retail Building and 2 Retail Condominiums
  • Transaction Amount: $82,500,000
  • Address: 106 Prince Street, 102 Prince Street, 114-122 Greene Street
  • City: New York
  • Market: Manhattan
  • Square Footage: 21,600
  • Price per Square Foot: $3,819

The seller, Donald Zilli & Family, along with two other Italian families, entered into a joint venture to sell the properties. The buyer, Aidan Brooks, facilitated the transaction with the assistance of CBRE Investment.

Players

Daniel Kaplan

CBRE

Broker

$2B

vol

61 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

Aiden Brooks bought a home in New York in 2020. The full closing is on this page.

Visit Daniel (Dan) Kaplan to view all their deals.

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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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