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108 South St New York, NY 1...

Candor Capital Acquires Mixed-Use Property In New York City For $19M With Brokers Maurice Suede, Dan Soyak, And Neal Klotsman
SOLDMixed-use

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

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.

Players

Dan Soyak

Cushman & Wakefield

Broker

$115.8M

vol

14 deals

Broker
Ben Meshel

Ben Meshel

Candor Capital

Buyer

$185.2M

vol

15 deals

Buyer
Candor Capital
Candor CapitalBuyer

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