Zar Property NY Acquires Mixed-Use Asset At 31-35 Great Jones Street For $21M
31 Great Jones Street
$21,000,000
$724/SF
Building Size
29,000 SF
Asset Type
Mixed-use
Closing
Aug 18, 2026
About this deal
AI
The mixed-use property located at 31-35 Great Jones Street in the NoHo market has been sold at a transaction amount of $21,000,000. The property encompasses a total area of 42,000 square feet, resulting in a price per square foot of $500.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $21,000,000
- Address: 31-35 Great Jones Street
- Market: NoHo
- Sale Price per Square Foot: $500
- Square Footage: 42,000
- Buyer: Dario Zar, David Zar, Jonathan Zar, Julian Zar - Zar Property NY
- Seller: Lawrence Scott & Bridget Larigan - Great Jones St Realty Corp
- Broker: Albert Sultan & Joseph Kassin - KSR
The transaction involved multiple representatives from Zar Property NY, with Dario Zar, David Zar, Jonathan Zar, and Julian Zar acting as the buyers. The sellers, Lawrence Scott and Bridget Larigan, were represented by Great Jones St Realty Corp in this transaction. The deal was facilitated by brokers Albert Sultan and Joseph Kassin from KSR.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93