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323 East 108th Street

Jeremey Tahari, Adam Croman, And Jake Croman Of Tahari Capital Purchase Mixed-Use Asset For $2.55M
SOLDMixed-use

Jeremey Tahari, Adam Croman, And Jake Croman Of Tahari Capital Purchase Mixed-Use Asset For $2.55M

323 East 108th Street

$2,550,000

$112/SF

Building Size

22,596 SF

Asset Type

Mixed-use

Closing

Oct 22, 2024

AI

The mixed-use property located at 323 East 108th Street in New York has been sold for $2,550,000. The asset encompasses a total of 22,596 square feet, resulting in a price per square foot of $112.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,550,000
  • Address: 323 East 108th Street
  • Market: New York
  • Square Footage: 22,596
  • Price Per Square Foot: $112
  • Buyer: Jeremey Tahari, Adam Croman, Jake Croman - Tahari Capital
  • Seller: Dante Cappi
  • Broker: Jordan Sutton - Cushman & Wakefield

The deal involved key individuals such as Jeremey Tahari, Adam Croman, and Jake Croman, who represent Tahari Capital, while Dante Cappi served as the seller. The transaction was managed by broker Jordan Sutton from Cushman & Wakefield.

Players

Jordan Sutton

JGS Realty GRP LLC

Broker

$246.4M

vol

33 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93