The Fogliano Family Sells Mixed-use Property In Seaport District For $4M
112 South Street, New York City, New York 10038, United States
$4,000,000
$384/SF
Building Size
10,400 SF
Asset Type
Mixed-use
Closing
Dec 28, 2021
AI
The mixed-use property located at 112-113 South Street in the Seaport District has been sold for a total price of $4,000,000. The transaction took place on December 28, 2021. The property spans an area of 10,400 square feet, resulting in a price per square foot of $384. The seller of the property is the Fogliano Family.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $4,000,000
- Address: 112-113 South Street, Seaport District
- Market: Seaport District
- Square Footage: 10,400
- Price Per Square Foot: $384
The deal was facilitated by Michael Ferrara from Brax Realty, who represented the seller in the transaction.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93