Michel Cohen Acquires Mixed-Use Property In Seaport District For $6M
SOLD
$6,000,000
New York
See Similar DealsMixed-use8,283 SF
Sold 10/02/2019
SOLD
Michel Cohen Acquires Mixed-Use Property In Seaport District For $6M
107 South St, New York, NY 10038, USA
See Similar DealsMixed-use8,283 SF
Sold 10/02/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$724
Total Square Footage:8,283 SF
Transaction Type:Sale
The mixed-use property located at 107 South Street in the Seaport District has been sold for $6,000,000. The property spans 8,283 square feet, resulting in a price per square foot of $724.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $6,000,000
- Size: 8,283 square feet
- Price Per Square Foot: $724
- Address: 107 South Street
- Market: Seaport District
The sale was facilitated by JLL, with Will Suarez, Patrick Mullen, and Harry Hochman representing the seller, Michael Perretti, in the transaction. The buyer, Michel Cohen, was also represented by JLL.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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