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133 Grand Street, New York ...

Updated Dec 21, 2023

Aron Harkham Acquires Commercial Property On 133 Grand Street In SoHo For $11M
SOLDCommercial

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

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $11M for 7,960 square feet (2022).

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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

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