Updated Oct 29, 2024
Antoun Sehnaoui Acquires Development Site On Prince Street For $19M
190 Prince Street, Manhattan, New York, NY, USA
$19,000,000
$1,727/SF
Building Size
10,998 SF
Asset Type
Development Site
Closing
Dec 6, 2018
About this deal
AI
A development site located at 190 Prince Street in Manhattan, New York was recently sold for a price of $19,000,000. The property spans a total of 15,893 square feet and has a price per square foot of $1,195. The transaction took place on December 7, 2018.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $19,000,000
- Address: 190 Prince Street
- Market: Manhattan
- City: New York
- Seller: The Church of Saint Anthony of Padua
- Buyer: Antoun Sehnaoui
- Brokers: Brandon Polakoff and James Nelson from Avison Young Global
Brandon Polakoff and James Nelson from Avison Young Global represented the seller, The Church of Saint Anthony of Padua, in this transaction. The buyer, Antoun Sehnaoui, successfully acquired this development site, which offers significant potential for future development opportunities.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93