Marcus & Millichap Brokers Sell Mixed-Use Property In South Street Seaport, Manhattan For $8.65M
25 Peck Slip, New York City, New York 10038, United States
$8,650,000
$813/SF
Building Size
10,635 SF
Asset Type
Mixed-use
Closing
Mar 8, 2022
About this deal
AI
Located in the South Street Seaport neighborhood of Manhattan, a mixed-use property at 25 Peck Slip has recently been sold for $8,650,000. The transaction took place on March 9, 2022, and was facilitated by brokers Mark Zarrella, Joe Koicim, and Shaun Riney from Marcus & Millichap. This property features 6 units with a price per unit of $1,442,000. The total square footage of the property is 10,635, with a price per square foot of $813.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,650,000
- Address: 25 Peck Slip
- Market: South Street Seaport, Manhattan
- Brokers: Mark Zarrella, Joe Koicim, and Shaun Riney - Marcus & Millichap
- Units: 6
- Price per Unit: $1,442,000
- Square Footage: 10,635
- Price per Square Foot: $813
The property's sale involved a collaborative effort by brokers Mark Zarrella, Joe Koicim, and Shaun Riney from Marcus & Millichap. With their expertise and knowledge of the South Street Seaport market, they successfully negotiated the sale of this mixed-use 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
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93