Antoun Sehnaoui Acquires Mixed-Use Property In Soho For $8M
196 Prince St, New York, NY 10012, USA
$8,000,000
$2,000/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Sep 22, 2019
About this deal
AI
A mixed-use property located at 196 Prince Street in Soho has been sold in a closed transaction. The property, spanning 4,000 square feet, was sold for a total price of $8,000,000. This equates to a price per square foot of $2,000. The property consists of six units, with each unit being valued at approximately $1,333,333.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,000,000
- Address: 196 Prince Street, Soho
- Market: Soho
- Seller: Louise Ermelino
- Buyer: Antoun Sehnaoui
- Broker: Brandon Polakoff – Avison Young
- Square Footage: 4,000
- Price per Square Foot: $2,000
- Number of Units: 6
- Price per Unit: $1,333,333
Represented by Brandon Polakoff from Avison Young, the buyer, Antoun Sehnaoui, successfully acquired the property from seller Louise Ermelino in this 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93