Flamingo Investment Properties Acquires Mixed-Use Property In Soho For $16.5M
29 Greene St, New York, NY 10013, USA
$16,500,000
$1,680/SF
Building Size
9,819 SF
Asset Type
Mixed-use
Closing
Mar 10, 2020
About this deal
AI
The mixed-use property located at 29 Greene Street in Soho has been sold for a price of $16,500,000. The property spans across 9,819 square feet, resulting in a price per square foot of $1,680. The buyer of the property is Flamingo Investment Properties, while the seller is Webster Holdings – Laure Hériard Dubreuil.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $16,500,000
- Property Address: 29 Greene Street
- Market: Soho
- Square Footage: 9,819
- Price per Square Foot: $1,680
- Buyer: Flamingo Investment Properties
- Seller: Webster Holdings – Laure Hériard Dubreuil
Laure Hériard Dubreuil represented Webster Holdings as their representative 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93