May Property Holdings Acquires Mixed Use Property In Manhattan For $9M
142 Watts St, New York, NY 10013, USA
Building Size
5,625 SF
Asset Type
Mixed-use
Closing
Nov 28, 2020
About this deal
AI
The mixed-use property located at 142 Watts St/457 Washington in Manhattan has been sold for a price of $9,000,000. The property spans 5,625 square feet, resulting in a price per square foot of $1,600. It consists of 4 residential units, 1 office space, and a 2-car garage. The total purchase price per unit is $1.8 million.
Summary of transation details
- Property Type: Mixed Use
- Transaction Amount: $9,000,000
- Address: 142 Watts St/457 Washington, Manhattan
The seller of the property is the Capsuto Family, while the buyer is May Property Holdings. The transaction was facilitated by Citi Habitats, with Mike Schulte and Brian Henninger serving as the brokers representing the parties involved.
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