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
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