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17 Prince Street

Israel Cohen Sells Mixed-Use Property At 17 Prince Street In Manhattan For $12.5M
SOLDMixed-use

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

Michael Sherman

Baseline Real Estate Advisors

Broker

$785.1M

vol

45 deals

Broker
Baseline Real Estate Advisors
Baseline Real Estate Advisors Brokerage

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