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
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