Michel Cohen Acquires Mixed-Use Property In Seaport District For $6M
107 South St, New York, NY 10038, USA
$6,000,000
$724/SF
Building Size
8,283 SF
Asset Type
Mixed-use
Closing
Oct 1, 2019
About this deal
AI
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.
On the Map
$6,000,000
$724/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93