Hubb NYC Acquires Mixed-Use Property On Lower East Side For $63.5M With Blackshore Realty Group's Reps
167 Chrystie Street, New York City, New York 10002, United States
$63,500,000
$907/SF
Building Size
70,000 SF
Asset Type
Mixed-use
Closing
May 24, 2022
AI
167 Chrystie St. in Lower East Side has been sold in a mixed-use transaction. The property spans 70,000 square feet and was sold for $63,500,000, resulting in a price per square foot of $907.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $63,500,000
- Address: 167 Chrystie St.
- Market: Lower East Side
The buyer, Hubb NYC, represented by John McCarthy and Jesse Terry, acquired the property from Be-Aviv, represented by Ben Harlev and Eyal Epstein. The sale was facilitated by Joseph Friedman and Julian Perla from Blackshore Realty Group.
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93