Israel Cohen Sells Mixed-Use Property At 17 Prince Street In Manhattan For $12.5M
17 Prince Street
$12,500,000
$1,444/SF
Building Size
8,652 SF
Asset Type
Mixed-use
Closing
Jan 15, 2026
AI
The asset involved in this transaction is a mixed-use property located at 17 Prince Street in Manhattan. The sale was finalized for a total price of $12,500,000, representing a price per unit of $833,333 across 15 units. The property encompasses a total square footage of 8,652, which translates to a price per square foot of $1,444.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,500,000
- Units: 15
- Price per Unit: $833,333
- Total Square Footage: 8,652
- Price per Square Foot: $1,444
- Seller: Israel Cohen
- Broker: Michael Sherman - Baseline Real Estate Advisors
- Date of Transaction: 1/16/2026
This transaction involved Israel Cohen as the seller, with Michael Sherman from Baseline Real Estate Advisors serving as the broker representing the seller in this deal.
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93