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239 Bleecker Street, Manhat...

Mantomi Company Acquires Mixed-Use Property In West Village For $7M
SOLDMixed-use

Mantomi Company Acquires Mixed-Use Property In West Village For $7M

239 Bleecker Street, Manhattan, New York, NY, USA

$7,000,000

$1,111/SF

Building Size

6,300 SF

Asset Type

Mixed-use

Closing

Dec 2, 2020

AI

The mixed-use property located at 239 Bleecker Street in West Village has been sold for a price of $7,000,000. The property spans across 6,300 square feet and has a price per square foot of $1,111. It consists of four units, with three residential units and one commercial unit. The transaction took place on 12/03/2020 and the previous sale of the property was recorded at $3.95 million in December 2011.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $7,000,000
  • Address: 239 Bleecker Street
  • Market: West Village
  • Zoning: R7-2, C1-5

The buyer of the property is Mantomi Company, represented by Takao Nakato. On the other hand, the sellers are 239 Bleecker Partners and GAIA Real Estate Holdings. Shinya Sangu from Relo Redac Inc. served as the buyer's representative, while Daniel Kaplan, Noah Kossoff, and Justin Arzi from CBRE represented the sellers.

One of the notable tenants in the commercial unit is Starbucks. They occupy the retail space within the property.

Players

Justin Arzi

CBRE

Broker

$1.2B

vol

38 deals

Broker

Takao Nakato

Buyer

$7M

vol

2 deals

Buyer
GH
GAIA Real Estate 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93