Meadow Partners Acquires Mixed-Use Property At 200 Lafayette Street In SoHo For $40 Million
200 Lafayette Street
$40,000,000
$2,105/SF
Building Size
19,000 SF
Asset Type
Mixed-use
Closing
May 6, 2025
AI
The mixed-use property located at 200 Lafayette Street in SoHo is under contract for a sale price of $40,000,000. The property encompasses 19,000 square feet and has a price per square foot of $2,105. Notably, it houses retail and office spaces, which include tenants such as Eataly and Moncler.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $40,000,000
- Address: 200 Lafayette Street
- Market: SoHo
- Square Footage: 19,000
- Price per Square Foot: $2,105
- Buyer: Jeffrey Kaplan, Andrew McDaniel & Timothy Yantz - Meadow Partners
- Seller: Kevin McCrain - Brookfield Properties
- Broker Representatives: Adam Doneger & Adam Spies - Newmark
This transaction involves Meadow Partners acquiring the property from Brookfield Properties, with Jeffrey Kaplan, Andrew McDaniel, and Timothy Yantz representing the buyer's interests. The brokerage team from Newmark, consisting of Adam Doneger and Adam Spies, facilitated the deal.
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93