JLL Brokers $6M Mixed-Use Building Sale In Little Italy
169 Mulberry Street
$6,000,000
$523/SF
Building Size
11,460 SF
Asset Type
Mixed-use
Closing
Sep 27, 2023
About this deal
AI
The mixed-use property located at 169 Mulberry Street in the vibrant neighborhood of Little Italy, Manhattan has recently been sold for a price of $6,000,000. Spanning a total area of 11,460 square feet, the property offers a versatile space for both residential and commercial purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Square Footage: 11,460
- Price per Square Foot: $524
- Address: 169 Mulberry Street, Little Italy, Manhattan
- Market: Little Italy, Manhattan
- Brokers: Teddy Galligan, Hall Oster & Guthrie Garvin - JLL
Helming the transaction were Teddy Galligan, Hall Oster, and Guthrie Garvin from the prominent real estate firm JLL. Their expertise and extensive knowledge of the market played a significant role in facilitating the successful sale of this mixed-use property.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93