Avison Young Acquires Mixed-Use Property At 181 Bleecker Street In Manhattan For $6.6M
103 MacDougal St, New York, NY 10012, USA
$22,250,000
$57/SF
Building Size
390,000 SF
Asset Type
Mixed-use
Closing
Jun 16, 2020
About this deal
AI
A mixed-use property located at 181 Bleecker Street in Manhattan was recently sold for a total price of $6,612,500. Spanning 5,599 square feet, the property was sold at a rate of $1,181 per square foot.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $6,612,500
- Address: 181 Bleecker Street
- Market: Manhattan
The sale was facilitated by Mitchell Levine, David Shalom, and Joe Moran from Avison Young, representing the seller, Guy Petrillo. On the buyer's side, Nick Judson from Judson RE served as the buyer's representative. Their involvement was instrumental in successfully completing the transaction.
Players
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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93