Eunhasu Corporation Acquires Mixed-Use Asset In Manhattan For $12.8M
168 Suffolk St, New York, NY 10002, USA
Building Size
10,050 SF
Asset Type
Mixed-use
Closing
Nov 28, 2020
AI
The mixed-use property located at 168 Suffolk Street in Manhattan has been sold in a closed transaction for a price of $12,820,000. The property spans over 10,050 square feet, resulting in a price per square foot of $1,275.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $12,820,000
- Address: 168 Suffolk Street, New York
- Market: Manhattan
The seller of the property was Andres Hogg, while the buyer was Eunhasu Corporation represented by Ken Park. The deal was facilitated by brokers Peter Carillo from Eastern Consolidated, representing the seller, and Elad Dror and Tony Park from PD Properties, representing the buyer.
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