Delshah Capital Acquires Mixed-Use Property In Manhattan For $18.9M
138 Ludlow St, New York, NY 10002, USA
Building Size
18,180 SF
Asset Type
Mixed-use
Closing
Jan 18, 2018
About this deal
AI
The mixed-use property located at 138 Ludlow Street in Manhattan recently sold for a price of $18,900,000. The property spans a total area of 18,180 square feet, resulting in a price per square foot of $1,039.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,900,000
- Address: 138 Ludlow Street, New York
- Market: Manhattan
Michelle Goldstein, representing Arwen Equities/Luthien Group, acted as the seller in this transaction. On the buyer's side, Delshah Capital, represented by Michael Shah, acquired the property. The brokerage services for this deal were provided by Michael DeCheser from Cushman & Wakefield.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93