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212 Lafayette Street

David Lloyd And Sean Lefkovits Of Davean Holdings Sell Mixed-Use Building In Soho For $18.03M
SOLDMixed-use

David Lloyd And Sean Lefkovits Of Davean Holdings Sell Mixed-Use Building In Soho For $18.03M

212 Lafayette Street

$18,025,000

$2,044/SF

Building Size

8,815 SF

Asset Type

Mixed-use

Closing

Nov 11, 2025

AI

The asset involved in the transaction is a mixed-use property located at 212 Lafayette Street in Soho, Manhattan. The sale price for this building was $18,025,000. The property comprises 16 units, with a price per unit (PPU) of $1,126,562. The total square footage of the property is 8,815, resulting in a price per square foot (PPSF) of $2,044.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $18,025,000
  • Address: 212 Lafayette Street
  • Market: Soho, Manhattan
  • Units: 16
  • Price Per Unit: $1,126,562
  • Square Footage: 8,815
  • Price Per Square Foot: $2,044
  • Seller: David Lloyd & Sean Lefkovits - Davean Holdings
  • Buyer's Representative: Hiro Nishida, Khashy Eyn & Brian Peer - Platinum Commercial
  • Seller's Representative: Brandon Polakoff - Avison Young

The deal included key individuals such as David Lloyd and Sean Lefkovits representing the seller side. The buyers were represented by Hiro Nishida, Khashy Eyn, and Brian Peer, who are part of Platinum Commercial. Additionally, the seller's representative for the transaction was Brandon Polakoff from Avison Young. A notable point from the transaction history indicates that the building was previously purchased for $13,400,000 on April 11, 2019.

Players

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker
Davean Holdings
Davean HoldingsSeller

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

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93