Greg Garber & Imran Ashraf Acquire Mixed-Use Property On 263 Bowery In Manhattan For $3.6M
263 Bowery, New York City, New York 10002, United States
$3,600,000
$600/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Feb 14, 2022
About this deal
AI
263 Bowery, located in Manhattan's Soho and Lower East Side neighborhoods, has been sold in a mixed-use deal for a price of $3,600,000. The property spans 6,000 square feet, resulting in a price per square foot of $600. The transaction took place on February 15, 2022, with the buyer being Greg Garber and Imran Ashraf, and the seller being Bank Hapoalim. Pini Azulay from STAYBK represented the seller in this transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,600,000
- Address: 263 Bowery
- Market: Manhattan, Soho, Lower East Side
The transaction at 263 Bowery was facilitated by Pini Azulay from STAYBK, who represented the seller, Bank Hapoalim. The buyer's representatives were Greg Garber and Imran Ashraf. This sale includes not only retail space but also two commercial floors, making it a desirable mixed-use property in the area.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Pini Azulay to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93