AlleyCorp Acquires Mixed-Use Property In Nolita From Continental Equities Group For $41M
174 Mott Street, New York City, New York 10013, United States
$41,000,000
$1,272/SF
Building Size
32,214 SF
Asset Type
Mixed-use
Closing
Sep 7, 2022
AI
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.
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93