facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

110 Reade Street

David Gleitman & Adam Basuljevic Acquire Mixed-Use Property In Tribeca, Manhattan For $9M
SOLDMixed-use

David Gleitman & Adam Basuljevic Acquire Mixed-Use Property In Tribeca, Manhattan For $9M

110 Reade Street

$9,007,000

$988/SF

Building Size

9,115 SF

Asset Type

Mixed-use

Closing

Sep 14, 2023

AI

The property involved in this transaction is a mixed-use asset located at 110 Reade Street in the Tribeca neighborhood of Manhattan. The sale took place on September 14, 2023.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $9,007,000
  • Square Footage: 9,115
  • Price per Square Foot: $988
  • Address: 110 Reade Street, Tribeca, Manhattan

The buyers in this transaction were David Gleitman and Adam Basuljevic from TARGO Capital Partners. On the other side, the brokers involved were Christoffer Brodhead, Stephen Dadourian, Nikola Cosic, and Matthew Gavin from B6 Real Estate Advisors.

Players

Christoffer Brodhead

Ariel Property Advisors

Broker

$126.3M

vol

13 deals

Broker
David Gleitman

David Gleitman

TARGO Capital Partners

Buyer

$243.6M

vol

12 deals

Buyer

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93