Hubb NYC Properties Acquires Mixed-Use Property On Chambers St For $16.2M
121 Chambers St, New York, NY, 10007
$16,200,000
$864/SF
Building Size
18,750 SF
Asset Type
Mixed-use
Closing
Aug 25, 2016
About this deal
AI
The property located at 121 Chambers St, New York, NY, 10007 is a mixed-use asset that encompasses a total square footage of 18,750. It was sold for a transaction amount of $16,200,000.00 in the New York market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $16,200,000.00
- Square Footage: 18,750
- Address: 121 Chambers St, New York, NY, 10007
- Market: New York
- Seller's Representatives: Matthew "Matt" Fotis-Marcus & Millichap, Sam Hoefle-Marcus & Millichap
- Buyer: Hubb NYC Properties
The transaction involved key individuals including the sellers' representatives from Marcus & Millichap, specifically Matthew "Matt" Fotis-Marcus and Sam Hoefle, representing the sellers in the deal, while the buyer was identified as Hubb NYC Properties.
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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93