Thomas DiPaola Acquires Three Retail Condos In Manhattan From Sorgente Group For $13.4M
66 White St, New York, NY 10013, USA
Building Size
32,602 SF
Asset Type
—
Closing
Apr 17, 2018
About this deal
AI
Three retail condos located at 66 White Street in New York City's Manhattan market have been sold for a total of $13,400,000. The seller, Sorgente Group of America represented by Veronica Mainetti, completed the transaction with buyer Thomas DiPaola.
Summary of transaction details:
- Property Type: Three retail condos
- Transaction Amount: $13,400,000
- Seller: Sorgente Group of America represented by Veronica Mainetti
- Buyer: Thomas DiPaola
Notably, the Sorgente Group also owns the iconic Flatiron Building.
Traded’s record for 66 White St, New York, NY 10013, USA in New York, New York covers a commercial sale from 2018. The building is 32,602 square feet, implying about 0 per square foot on the published price. This page is the New York, New York file for the 66 White St, New York, NY 10013, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else sold near 66 White St, New York, NY 10013, USA around 2018. Cite this Thomas DiPaola Acquires Three Retail Condos In Manhattan From Sorgente Group For $13.4M sale when underwriting similar commercial product around New York, New York.
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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