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Daniel Wrublin Of Dalan Real Estate Acquires Mixed-Use Building In Tribeca For $19.6M
SOLD
$19,600,000
New York
See Similar DealsMixed-use12,300 SF
Sold
SOLD
Daniel Wrublin Of Dalan Real Estate Acquires Mixed-Use Building In Tribeca For $19.6M
175 Franklin Street
See Similar DealsMixed-use12,300 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1593
Total Square Footage:12300 SF
Transaction Type:Sale
A mixed-use building located at 175 Franklin Street in Tribeca, Manhattan, has been sold for $19,600,000. The asset consists of five units, totaling 12,300 square feet, which results in a price per unit of $3,920,000 and a price per square foot of $1,593.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $19,600,000
- Buyer: Daniel Wrublin - Dalan Real Estate
- Seller: Bahram Benaresh
- Units: 5
- Square Footage: 12,300
- Price Per Unit: $3,920,000
- Price Per Square Foot: $1,593
In this transaction, Dalan Real Estate, through 175 Franklin Holder LLC, acquired the building from Bahram Benaresh, who represented the property through Dc Franklin Lender LLC, following a loan takeover from G4 Capital Partners.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,045,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,634.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,914.00
Annual Debt Service$1,114,967.99
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