Meadow Partners Acquires Mixed-Use Retail Condo In SoHo From Brookfield Properties For $37M
200 Lafayette Street
$37,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 24, 2025
AI
A mixed-use asset located at 200 Lafayette Street in SoHo, Manhattan, was sold for $37,000,000. The property spans 27,970 square feet, which translates to a price per square foot of $1,323. The sale was recorded on July 3, following the closing on June 24, 2025.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $37,000,000
- Address: 200 Lafayette Street
- Market: SoHo, Manhattan
- Square Footage: 27,970
- Price per Square Foot: $1,323
- Buyer: Jeffrey M Kaplan - Meadow Partners
- Seller: Kevin McCrain - Brookfield Properties
Jeffrey M Kaplan represented Meadow Partners in the acquisition of the property, while Kevin McCrain represented Brookfield Properties as the seller. The transaction highlights the engagement between these two prominent entities within the real estate market.
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93