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262 Mott Street, New York C...

Carlyle Group Acquires Nolita Condo At 262 Mott Street For $12.95M
SOLD

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

Wildflower
WildflowerBrokerage
Carlyle Group
Carlyle GroupBuyer
Wildflower
WildflowerSeller
Carlyle Group
Carlyle GroupLender

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