Ari Gamss Acquires Mixed Use Property On Canal Street For $7.25M
149 Canal Street, New York, NY 10002, USA
$7,250,000
$930/SF
Building Size
7,795 SF
Asset Type
Mixed-use
Closing
Oct 9, 2019
About this deal
AI
Located in Chinatown, the mixed-use property at 149 Canal Street recently changed hands in a sale transaction. The property, which spans 7,795 square feet, was sold for a total price of $7,250,000, resulting in a price per square foot of approximately $930. The transaction took place on October 10, 2019, and the building was delivered vacant.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $7,250,000
- Square Footage: 7,795
- Address: 149 Canal Street
- Market: Chinatown
Ann Long sold the property to Ari Gamss with the assistance of Brandon Polakoff from Avison Young, who represented the buyer in the deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Brandon Polakoff to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93