Gorjian Real Estate Group Buys 171 Mott Street Mixed Use From Jonely Moy
SOLD
$2,725,000
New York
See Similar DealsMixed-use6,382 SF
Sold 08/04/2025
SOLD
Gorjian Real Estate Group Buys 171 Mott Street Mixed Use From Jonely Moy
171 Mott Street
See Similar DealsMixed-use6,382 SF
Sold 08/04/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$427
Total Square Footage:6,382 SF
Transaction Type:Sale
The property is a mixed-use asset at 171 Mott Street in the Little Italy market. It comprises 10 units across 6,382 square feet and sold for $2,725,000 ($272,500 per unit; $426 per square foot).
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $2,725,000
- Address: 171 Mott Street
- Market: Little Italy
- Units: 10
- PPU: $272,500
- SF: 6,382
- PPSF: $426
- Buyer: Gorjian Real Estate Group
- Seller: Jonely Moy
- Brokers: Matt Fotis, Michael Weinstein & Colton Traynham - Marcus & Millichap
The deal involved Gorjian Real Estate Group as the buyer and Jonely Moy as the seller, with Marcus & Millichap serving as the brokerage team represented by Matt Fotis, Michael Weinstein, and Colton Traynham.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$145,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,681.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,917.89
Annual Debt Service$155,014.68
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