Amit Khurana Of Sumaida & Khurana Acquires Development Site In Soho For $18.1M
1 Walker Street
$18,100,000
$1,547/SF
Building Size
11,700 SF
Asset Type
Development Site
Closing
Dec 3, 2024
AI
The property asset involved in this transaction is a development site located at 1 Walker Street in the Soho market. The sale price was $18,100,000, with a total square footage of 11,700, resulting in a price per square foot of $1,547.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $18,100,000
- Square Footage: 11,700
- Price per Square Foot: $1,547
- Buyer: Amit Khurana - Sumaida + Khurana
- Seller: Peter Matera
- Broker: Jared Minc - Building Equity Management
The key individuals involved in this deal include buyer Amit Khurana, who represents Sumaida + Khurana, and seller Peter Matera. The transaction was brokered by Jared Minc of Building Equity Management, who facilitated the deal between the two parties.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93