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
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