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168 Suffolk St, New York, N...

Eunhasu Corporation Acquires Mixed-Use Asset In Manhattan For $12.8M
SOLDMixed-use

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

Elad Dror

PD Properties

Broker

$191.5M

vol

12 deals

Broker

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