Scott Segal Acquires Mixed-use Building At 35 Spring Street In Nolita Manhattan For $7.2M
35 Spring Street
$7,200,000
$1,573/SF
Building Size
4,576 SF
Asset Type
Mixed-use
Closing
Feb 20, 2025
About this deal
AI
A mixed-use building located at 35 Spring Street in Nolita, Manhattan, was sold for $7,200,000. The property spans 4,576 square feet, resulting in a price per square foot of $1,573. The sale was finalized on February 20, 2025.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,200,000
- Address: 35 Spring Street
- Market: Nolita, Manhattan
- Square Footage: 4,576
- Price per Square Foot: $1,573
- Buyer: Scott Segal
- Seller: Andrew Suckling
Scott Segal completed the acquisition of the property from Andrew Suckling, marking a significant transaction within the Nolita market. The buyer and seller were key figures in this real estate deal, representing the interests of their respective parties in the transaction.
On the Map
$7,200,000
$1,573/SF
Mixed-use
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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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93