David Cohen Sells Mixed-Use Property In SoHo For $8.1 Million
365 Canal Street, Manhattan, New York, NY, USA
$8,100,000
$409/SF
Building Size
19,802 SF
Asset Type
Mixed-use
Closing
Jun 13, 2021
About this deal
AI
A mixed-use property located at 365 Canal Street in the SoHo market has been sold for a total transaction amount of $8,100,000. This property consists of 7 units and falls under tax class 2B. Spanning across 19,802 square feet, the price per square foot comes out to be $409. The previous sale of this property took place in October 2007 for a price of $10,000,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $8,100,000
- Market: SoHo
- Units: 7
- Tax Class: 2B
- Square Footage: 19,802
- Price per Square Foot: $409
The seller of this property is David Cohen.
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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93