Steven Gautier-Winther's 332 Bowery Realty LLC Acquires Mixed-Use Building In NoHo, Manhattan For $8.75M
332 Bowery New York, New York 10012, USA
$8,800,000
$1,201/SF
Building Size
7,325 SF
Asset Type
Mixed-use
Closing
Jul 20, 2023
AI
The property involved in this transaction is a four-unit mixed-use building located at 332 Bowery in NoHo, Manhattan. The sale closed on July 20, 2023, with a transaction amount of $8,750,000. The building encompasses a total square footage of 7,325, resulting in a price per square foot of approximately $1,195.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,750,000
- Address: 332 Bowery
- Market: NoHo, Manhattan
- Square Footage: 7,325
- Price per Square Foot: $1,195
- Buyer: Steven Gautier-Winther
- Seller: Joseph Bachman
- Buyer Representation: 332 Bowery Realty LLC
- Seller Representation: 332 Bowery LLC
Steven Gautier-Winther purchased the property from Joseph Bachman in this transaction. The buyer was represented by 332 Bowery Realty LLC, while the seller was represented by 332 Bowery LLC.
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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93