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95 Morton Street, New York ...

Jeffrey M. Kaplan Acquires Commercial Property On Morton Street In West Village For $288M
SOLDCommercial

Jeffrey M. Kaplan Acquires Commercial Property On Morton Street In West Village For $288M

95 Morton Street, New York City, New York 10014, United States

$288,237,723

$1,867/SF

Building Size

154,346 SF

Asset Type

Commercial

Closing

Jun 27, 2022

AI

The commercial property located at 95 Morton Street in West Village, Manhattan has been sold in a recent transaction. The property is zoned as M1-5 and is situated on a lot size of 20,019 square feet.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $288,237,723
  • Address: 95 Morton Street
  • Market: West Village, Manhattan
  • Zoning: M1-5

The buyer of the property is Jeffrey M. Kaplan, while the seller is Frank Mangieri.

The property was sold for a price of $288,237,723, with a building square footage of 154,346. The price per square foot is calculated to be $1,867. The building has a total floor area ratio (FAR) of 7.71.

The property's tax class is classified as 4. The previous sale of the property took place on April 5, 2017, for a price of $205,961,801. An alteration permit for the property was issued on July 28, 2020.

The lot dimension of the property is 200.17 feet by 100 feet. The property's building square footage (BSF) is 100,095, with a price per BSF of $2,879.

Players

Jeffrey M. Kaplan

Meadow Partners

Buyer

$921.4M

vol

9 deals

Buyer

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

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93