Alberto Galante Acquires Mixed Use Property In Soho For $4.6M
SOLD
$4,625,000
New York
See Similar DealsMixed-use2,460 SF
Sold 07/10/2020
SOLD
Alberto Galante Acquires Mixed Use Property In Soho For $4.6M
184 Prince St, New York, NY 10012, USA
See Similar DealsMixed-use2,460 SF
Sold 07/10/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,880
Total Square Footage:2,460 SF
Transaction Type:Sale
The mixed-use property located at 184 Prince Street in Soho was sold on July 10, 2020. The property consists of 4 units and spans 2,460 square feet. The sale price was $4,625,000, with a price per square foot of $1,880.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $4,625,000
- Address: 184 Prince Street
- Market: Soho
- Square Footage: 2,460
- Units: 4
Steven Schnall served as the seller in the transaction, while Alberto Galante acted as the buyer.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$246,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,431.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,924.86
Annual Debt Service$263,098.31
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