facebook
Traded Co logo
Submit

Josh Greenberg & Frederick Rudd Acquire TriBeCa Mixed-Use Property For $7.3M

Property Image
SOLD
$7,300,000
Ido Tzaidi
Josh Greenberg
+ 1

New York

See Similar Deals
Mixed-use11,762 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Josh Greenberg & Frederick Rudd Acquire TriBeCa Mixed-Use Property For $7.3M

325 Greenwich Street, New York, NY 10013, USA

See Similar Deals
Mixed-use11,762 SF
Sold
Ido Tzaidi
Josh Greenberg
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$620
Total Square Footage:11762 SF
Transaction Type:Sale

Located in the vibrant TriBeCa neighborhood, the mixed-use property at 325-327 Greenwich St. recently changed hands in a closed transaction. The property spans an impressive 11,726 square feet and was sold for a total of $7.3 million, translating to a price per square foot of $622.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $7.3M
  • Address: 325-327 Greenwich St., TriBeCa
  • Market: TriBeCa

The seller of the property was Peter F. Matera, while the buyers were Josh Greenberg and Frederick Rudd, representing Rudd Realty Mgmt. Corp. The transaction was facilitated by brokers Ido Tzaidi from Epic.Commercial.Realty and Tal Sharon from TalNYC212.

Notably, all four retail spaces within the property were either vacant or on a month-to-month tenancy at the time of the sale. It is important to highlight that this transaction was conducted off-market, showcasing the efficacy of the parties involved in completing the deal.

Players

Ido Tzaidi
3 deals$47.6M volume
BROKER

Tal Sharon
1 deal$7.3M volume
BROKER

Josh Greenberg
Rudd Realty Management
5 deals$63.5M volume
BUYER

Josh Greenberg
5 deals$63.5M volume
BUYER

Fred Rudd
6 deals$79.5M volume
BUYER

Details

SOLD
IMAGE: Frederick Rudd, Josh Greenberg & Ido Tzaidi DATE: 01/23/2019 ADDRESS: 325-327 Greenwich St. MARKET: TriBeCa ASSET TYPE: Mixed-use SALE PRICE: $7.3M SF: 11,726 / PPSF: $622 SELLER: Peter F. Matera BUYER: Josh Greenberg & Frederick Rudd - Rudd Realty Mgmt. Corp. BROKER: @IdoTzaidi @Epic.Commercial.Realty & Tal Sharon @TalNYC212 NOTES: All four retail spaces either delivered vacant or on Month-to-Month tenancy. This was an off-market transaction.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$389,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69