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21 Crosby Street, New York ...

Harkham Family Acquires Mixed-use Property In Soho For $11M
SOLDMixed-use

Harkham Family Acquires Mixed-use Property In Soho For $11M

21 Crosby Street, New York City, New York 10013, United States

$11,000,000

$1,350/SF

Building Size

8,146 SF

Asset Type

Mixed-use

Closing

Apr 27, 2022

AI

A mixed-use property located at 21 Crosby St. in Soho has been sold for $11,000,000. The property spans 8,146 square feet and sold at a price per square foot of $1,350. The transaction took place on April 28, 2022. The buyer of the property is the Harkham Family, while the seller is Corigin.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $11,000,000
  • Square Footage: 8,146
  • Price per Square Foot: $1,350
  • Address: 21 Crosby St.
  • Market: Soho

The deal was facilitated by brokers Brandon Polakoff, Eric Karmitz, and James Nelson of Avison Young, who represented both the buyer and the seller in the transaction.

Players

Eric Karmitz

Avison Young

Broker

$806.6M

vol

36 deals

Broker

Harkham Family

Buyer

$357.4M

vol

8 deals

Buyer
Corigin Real Estate
Corigin Real EstateSeller

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93