Updated Dec 21, 2023
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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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