Updated Dec 26, 2024
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
About this deal
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.
On the Map
$18,100,000
$1,547/SF
Development Site
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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