Ultimate Realty JV Acquires Retail Condo On Mulberry Street, Little Italy For $8.8M
133 Mulberry St, New York, NY 10013, USA
Building Size
122,080 SF
Asset Type
—
Closing
Mar 19, 2018
About this deal
AI
An $8,800,000 retail condo located at 133 Mulberry Street in Little Italy, Manhattan was recently sold. The property spans 12,208 square feet and has a price per square foot of $721.
Summary of Transaction Details:
- Property Type: Retail Condo
- Transaction Amount: $8,800,000
- Square Footage: 12,208 sf
- Price per Square Foot: $721
- Address: 133 Mulberry Street, New York
- Market: Little Italy, Manhattan
The seller of the property was Barberry Rose Mgmt. represented by Lewis Barbanel. The buyer was a joint venture between Ultimate Realty represented by Michael Sabbagh and Regal Acquisitions. The brokers involved in this transaction were [INSERT BROKER DETAILS IF AVAILABLE].
Players
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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