Joe & Jeff Sutton Sell 80% Stake In SoHo Retail Condo For $8M
130 Greene Street, Manhattan, New York, NY, USA
$10,000,000
$3,280/SF
Building Size
3,048 SF
Asset Type
—
Closing
Apr 28, 2020
About this deal
AI
The retail condo located at 130 Greene Street in SoHo was sold in a closed transaction. The property, with a total square footage of 3,048 and a sale price of $10,000,000, was purchased by an undisclosed buyer. The retail condo has a zoning classification of M1-5A and is housed within a building with permits for Alt 2 construction issued on 03/27/2015. The lot dimensions are 25.75 ft x 100 ft, resulting in a lot size of 2,570 square feet.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $10,000,000
- Market: SoHo
- Zoning: M1-5A
- Date: 04/28/2021
- Square Footage: 3,048
- Price per Square Foot: $2,624
- Address: 130 Greene Street
- Seller: Joe & Jeff Sutton
In this transaction, Joe & Jeff Sutton sold 80% of the retail condo for a price of $8,000,000. The buyer and their representative remain undisclosed.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93