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117 East 15th Street, Manha...

Three Sixty CC Inc Acquires Mixed-Use Property In Union Square For $11M
SOLDMixed-use

Three Sixty CC Inc Acquires Mixed-Use Property In Union Square For $11M

117 East 15th Street, Manhattan, New York, NY, USA

$11,000,000

$1,617/SF

Building Size

6,800 SF

Asset Type

Mixed-use

Closing

Jan 3, 2019

AI

A mixed-use property located at 117 East 15th Street in the Union Square market has been sold for a price of $11,000,000. The property spans across 6,800 square feet, resulting in a price per square foot of $1,617.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $11,000,000
  • Square Footage: 6,800
  • Price Per Square Foot: $1,617
  • Address: 117 East 15th Street
  • Market: Union Square

Craig Waggner, John Ciraulo, Doug Blankrot, and Edward Kim were involved in the transaction. Guy Jacobson, the seller, was represented by Craig Waggner, John Ciraulo, and Doug Blankrot from CushWake. The buyer, Three Sixty CC Inc, was represented by Edward Kim from Keller Williams Realty.

Players

Edward Kim

Prominent Properties Commercial

Broker

$14.7M

vol

3 deals

Broker

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93