facebook
Traded Co logo
Submit
Daily limit: 0/10

CNY Group Acquires Mixed-Use Building In Tribeca From Krinos Holdings For $35.6 Million

Property Image
SOLD
$35,600,000

New York

See Similar Deals
Mixed-use33,800 SF
Sold 12/31/2024
the dealdetailscomps
Property Image
SOLD

CNY Group Acquires Mixed-Use Building In Tribeca From Krinos Holdings For $35.6 Million

143 Franklin Street

See Similar Deals
Mixed-use33,800 SF
Sold 12/31/2024

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,053
Total Square Footage:33,800 SF
Transaction Type:Sale

The mixed-use building at 143 Franklin Street, located in Tribeca, Manhattan, encompasses a total square footage of 33,800 with a sale price of $35,600,000. The building features 35,511 building square feet with a price per building square foot of $1,003 and a price per square foot of $1,053.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $35,600,000
  • Building Square Feet: 35,511
  • Price per Building Square Foot: $1,003
  • Square Feet: 33,800
  • Price per Square Foot: $1,053
  • Buyer: Kenneth Colao - CNY Group
  • Seller: Eric Moscahlaidis - Krinos Holdings
  • Date of Transaction: 12/31/2024

Kenneth Colao, representing CNY Group, has acquired the property from Eric Moscahlaidis of Krinos Holdings, with future plans focusing on cash flow utilization for the 33,800-square-foot asset.

Details

SOLD
IMAGE: Kenneth Colao & Eric Moscahlaidis DATE: 12/31/2024 ADDRESS: 143 Franklin Street MARKET: Tribeca, Manhattan ASSET TYPE: Mixed-use BUYER: Kenneth Colao - CNY Group (@CNYGroup) SELLER: Eric Moscahlaidis - Krinos Holdings SALE PRICE: $35,600,000 BSF: 35,511 ~ PPBSF: $1,003 SF: 33,800 ~ PPSF: $1,053 NOTE: CNY Group acquired the 33,800-square-foot mixed-use building at 143 Franklin Street in Tribeca for $35.6 million from Krinos Holdings, with plans for cash flow use.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,898,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$126,479.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$168,762.16
Annual Debt Service$2,025,145.95