Azure Investment Capital Acquires Mixed-Use Property In Tribeca For $10.5M
273 Church St, New York, NY 10013, USA
$10,500,000
$92/SF
Building Size
113,410 SF
Asset Type
Mixed-use
Closing
Jan 15, 2020
About this deal
AI
The mixed-use property located at 273 Church Street in the Tribeca market has been sold in a closed transaction. The property spans across 11,341 square feet of space. The transaction was completed on January 16, 2020, with a selling price of $10,500,000. This translates to a price per square foot of $926.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,500,000
- Building Square Footage: 11,341
- Price Per Square Foot: $926
- Address: 273 Church Street
- Market: Tribeca
Azure Investment Capital has acquired the property from Sylvia Weinstock. Azure Investment Capital served as the buyer in this transaction, while Sylvia Weinstock represented the seller. No additional information was provided regarding the representatives of either party involved in the deal.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93