Ravi Nandan Acquires Mixed-Use Property In NoHo From Marco Gentilucci & Paolo L. Manfredi For $5.1M
11 Bleecker Street, Brooklyn, NY 11221, USA
$5,100,000
$1,888/SF
Building Size
2,700 SF
Asset Type
Mixed-use
Closing
Sep 13, 2021
AI
11 Bleecker Street, located in the NoHo neighborhood, has been sold for a total price of $5,100,000. This mixed-use property spans 2,700 square feet, resulting in a price per square foot of $1,888. The transaction took place on September 13, 2021, with Ravi Nandan as the buyer and Marco Gentilucci & Paolo L. Manfredi as the sellers.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,100,000
- Market: NoHo
- Address: 11 Bleecker Street
- Buyer: Ravi Nandan
- Seller: Marco Gentilucci & Paolo L. Manfredi
The buyer was represented by Harriet Kauffman and Sydney Blumstein from the Blumstein Team at The Corcoran Group. On the other hand, Bobby Carrozo and Robert Burton from CushWake served as the seller's representatives in the deal.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93