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90 Greene Street, New York ...

Updated Dec 21, 2023

John Gottfried Acquires Commercial Property On Greene Street In SoHo For $39.4M
SOLDCommercial

John Gottfried Acquires Commercial Property On Greene Street In SoHo For $39.4M

90 Greene Street, New York City, New York 10012, United States

$39,416,506

$3,519/SF

Building Size

11,200 SF

Asset Type

Commercial

Closing

Jan 11, 2022

About this deal

AI

The commercial property located at 90 Greene Street in SoHo, Manhattan has been sold in a recent transaction. The property falls under the M1-5A zoning category and has a lot size of 2,500 square feet. It features a total square footage of 11,200 square feet, with a building square footage (BSF) of 12,500. The price for the property was $39,416,506, resulting in a price per square foot (PPSF) of $3,519. The previous sale of the property took place on September 3, 2021, for a price of $33,649,611. The property dimensions are 25 feet by 100 feet, and its floor area ratio (FAR) is 4.48. The tax class for the property is 2.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $39,416,506
  • Address: 90 Greene Street, SoHo, Manhattan
  • Market: SoHo, Manhattan
  • Zoning: M1-5A
  • Lot Size: 2,500 square feet
  • Building Square Footage (BSF): 12,500
  • Price per Square Foot (PPSF): $3,519
  • Total Square Footage: 11,200
  • Previous Sale Price: $33,649,611 (09/3/2021)
  • Lot Dimension: 25 ft x 100 ft
  • Floor Area Ratio (FAR): 4.48
  • Tax Class: 2

The buyer in this transaction is John Gottfried, while the seller is Cary Kleinman.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $3.5K per square foot on a published $39.4M for 11,200 square feet (2022).

Browse New York commercial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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