Antoun Sehnaoui Acquires Mixed-Use Property In SoHo For $4.5M
198 Prince St, New York, NY 10012, USA
$4,500,000
$90/SF
Building Size
50,000 SF
Asset Type
Mixed-use
Closing
May 28, 2020
About this deal
AI
The mixed-use property located at 198 Prince Street in SoHo has been sold for $4,500,000. The property encompasses 5,000 square feet, resulting in a price per square foot of $900. It consists of 5 units, with each unit being valued at $900,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Square Footage: 5,000
- Price Per Square Foot: $900
- Number of Units: 5
- Price Per Unit: $900,000
The property was sold by the Estate of Josephine Napoletano and purchased by Antoun Sehnaoui. The broker representing the transaction was Brandon Polakoff from Avison Young. The property went under contract on May 10, 2020.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93