Candor Capital Acquires Mixed-Use Property In New York City For $19M With Brokers Maurice Suede, Dan Soyak, And Neal Klotsman
108 South St New York, NY 10038, USA
$19,000,000
$935/SF
Building Size
20,304 SF
Asset Type
Mixed-use
Closing
Jun 16, 2023
About this deal
AI
Located at 108-119 South Street in New York City, this mixed-use property was recently sold in a closed transaction. The property spans a total of 20,304 square feet and was sold for a price of $19,000,000, resulting in a price per square foot of $936.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $19,000,000
- SF: 20,304
- PPSF: $936
The buyer in this transaction was Candor Capital, represented by Ben Meshel, Adam Ibrahim, and Jeffrey Meshel. The seller was Emilio Barletta. The deal was facilitated by the brokers Maurice Suede and Dan Soyak from Cushman & Wakefield, along with Neal Klotsman from Douglas Elliman.
On the Map
$19,000,000
$935/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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93