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1 Walker Street

Amit Khurana Of Sumaida & Khurana Acquires Development Site In Soho For $18.1M
SOLDDevelopment Site

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:

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.

Players

Jared Minc

Building Equity Management

Broker

$148.9M

vol

20 deals

Broker

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