David Habif Of Habif Real Estate Acquires Mixed-Use Property From Steven Gautier For $5.2M
292 Elizabeth Street
$5,200,000
$778/SF
Building Size
6,678 SF
Asset Type
Mixed-use
Closing
Apr 27, 2025
AI
The asset involved in this transaction is a mixed-use property located at 292 Elizabeth Street in the Noho market. It consists of 7 units and encompasses a total of 6,678 square feet. The sale price for the property was $5,200,000, translating to a price per unit of $742,857 and a price per square foot of $778.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,200,000
- Units: 7
- Square Footage: 6,678
- Price Per Unit: $742,857
- Price Per Square Foot: $778
- Buyer: David Habif - Habif Real Estate
- Seller: Steven Gautier - Willowick Properties
- Transaction Type: All cash transaction
The individuals involved in this deal include David Habif representing Habif Real Estate as the buyer and Steven Gautier of Willowick Properties as the seller. This transaction marked a successful deal between the two parties in the commercial real estate market.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93