Daily limit: 0/10
CNY Group Acquires Mixed-Use Building In Tribeca From Krinos Holdings For $35.6 Million
SOLD
$35,600,000
New York
See Similar DealsMixed-use33,800 SF
Sold 12/31/2024
SOLD
CNY Group Acquires Mixed-Use Building In Tribeca From Krinos Holdings For $35.6 Million
143 Franklin Street
See Similar DealsMixed-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
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
30 years
10 years
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
Is there something missing? Send suggestions