Karin J. Barkhorn Acquires Commercial Property In SoHo, Manhattan For $8M

Located at 48 Howard Street in SoHo, Manhattan, this commercial property recently sold on August 10, 2022. The property is zoned as M1-5B and has a lot size of 1,650 square feet. It features a lot dimension of 22 ft x 75 ft and had previously undergone an alteration permit in May 2017.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $8,000,000
• Buyer: Karin J. Barkhorn
• Building Square Footage: 7,508
• Price per Square Foot: $1,065
• Buildable Square Footage: 8,250
• Price per Buildable Square Foot: $969
• Floor Area Ratio (FAR): 4.55
• Tax Class: 4

Karin J. Barkhorn acted as the buyer in this transaction. She successfully acquired the property for a price of $8,000,000. The building has a total square footage of 7,508, with a price of $1,065 per square foot. The lot also allows for a buildable square footage of 8,250, with a price per buildable square foot of $969. The deal was concluded with a floor area ratio (FAR) of 4.55 and falls under tax class 4.