facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

240 Elizabeth Street, Manha...

Victor Sozio, Shimon Shkury, Howard Raber, Michael Tortorici & Jack Moran Acquire Mixed-Use Property In NoLiTa, Manhattan For $17.76M
SOLDMixed-use

Victor Sozio, Shimon Shkury, Howard Raber, Michael Tortorici & Jack Moran Acquire Mixed-Use Property In NoLiTa, Manhattan For $17.76M

240 Elizabeth Street, Manhattan, New York, NY, USA

$17,760,000

$777/SF

Building Size

22,845 SF

Asset Type

Mixed-use

Closing

Apr 15, 2021

AI

The mixed-use property located at 196 Elizabeth St. & 240 Mulberry St. in NoLiTa, Manhattan was recently sold for a total price of $17,760,000. The property spans across 22,845 square feet, resulting in a price per square foot of $777.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $17,760,000
  • Date: 04/16/2021
  • Market: NoLiTa, Manhattan

The sale of the property was facilitated by a team of brokers including Victor Sozio, Shimon Shkury, Howard Raber, Michael Tortorici, and Jack Moran from Ariel Property Advisors - NYC.

Players

Michael A. Tortorici

Ariel Property Advisors

Broker

$908.9M

vol

48 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.89%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93