Updated Dec 21, 2023
Aron Harkham Acquires Commercial Property On 133 Grand Street In SoHo For $11M
133 Grand Street, New York City, New York 10013, United States
$11,000,000
$1,381/SF
Building Size
7,960 SF
Asset Type
Commercial
Closing
Apr 27, 2022
About this deal
AI
A commercial property located at 133 Grand Street in SoHo, Manhattan has recently been sold for $11,000,000. The property has a total building square footage (BSF) of 10,050, equating to a price per BSF (PPBSF) of $1,094. The total square footage (SF) of the property is 7,960, with a price per square foot (PPSF) of $1,381. The lot size is 2,010 square feet, with dimensions of 25 ft x 80.08 ft. The property falls under tax class 2B and has a floor area ratio (FAR) of 3.96. The property was last sold on August 1, 2014, for the same price of $11,000,000. An alteration permit was issued on November 19, 2020, for the property.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $11,000,000
- Market: SoHo, Manhattan
- Zoning: M1-5B
- Buyer: Aron Harkham
- Seller: Greg Gleason
- Lot Size: 2,010 square feet
- Last Sale Price: $11,000,000 (08/01/2014)
- Permits: Alteration 2 (11/19/2020)
- Lot Dimension: 25 ft x 80.08 ft
Aron Harkham is the buyer of the property, while Greg Gleason is the seller. The property transaction took place on April 28, 2022.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93