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292 Elizabeth Street

David Habif Of Habif Real Estate Acquires Mixed-Use Property From Steven Gautier For $5.2M
SOLDMixed-use

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

David Habif

Habif Real Estate

Buyer

$42M

vol

7 deals

Buyer

Steven Gautier-Winther

Willowick Properties

Seller

$128.5M

vol

9 deals

Seller

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