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
About this deal
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.
On the Map
$12,500,000
$1,444/SF
Mixed-use
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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