Carlyle Group Acquires Nolita Condo At 262 Mott Street For $12.95M
262 Mott Street, New York City, New York 10012, United States
$12,950,000
$4,243/SF
Building Size
3,052 SF
Asset Type
—
Closing
Apr 27, 2022
AI
The condo located at 262 Mott Street in Nolita has been sold in a recent transaction. The property, spanning 23,520 square feet, was purchased by Carlyle Group from Wildflower Ltd. The sale price for this transaction was $12,950,000, resulting in a price per square foot of $550.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $12,950,000
- Square Footage: 23,520
- Address: 262 Mott Street
- Market: Nolita
Carlyle Group, represented by their broker, successfully acquired the condo from Wildflower Ltd. This transaction, led by Carlyle Group's representative Adam Gordon, showcases their investment in the property located in the vibrant neighborhood of Nolita.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93