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
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