AlleyCorp Acquires Mixed-Use Property In Nolita From Continental Equities Group For $41M
SOLD
$41,000,000
New York
See Similar DealsMixed-use32,214 SF
Sold 09/08/2022
SOLD
AlleyCorp Acquires Mixed-Use Property In Nolita From Continental Equities Group For $41M
174 Mott Street, New York City, New York 10013, United States
See Similar DealsMixed-use32,214 SF
Sold 09/08/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,272
Total Square Footage:32,214 SF
Transaction Type:Sale
The mixed-use property located at 174 Mott Street (368 Broome Street) in Nolita has been sold for a total price of $41,000,000. This property spans a total area of 32,214 square feet, resulting in a price per square foot of $1,272.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $41,000,000
- Address: 174 Mott Street (368 Broome Street), Nolita
- Market: Nolita
The buyer of this property is AlleyCorp, represented by Scott Schneider. On the other hand, the seller of the property is Continental Equities Group, represented by Jenny Haim.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,186,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$145,664.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$194,360.92
Annual Debt Service$2,332,331.01
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