Cyrus Nallaseth Sells Mixed-Use Property In New York City For $15M
41 Beekman Street
$15,000,000
$1,083/SF
Building Size
13,840 SF
Asset Type
Mixed-use
Closing
Dec 16, 2022
AI
The mixed-use property located at 41 Beekman Street in New York City has been sold in a closed transaction. The property spans over 13,840 square feet and was sold for a price of $15,000,000, resulting in a price per square foot of $1,084.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $15,000,000
- Square Footage: 13,840
- Price per Square Foot: $1,084
- Address: 41 Beekman Street, New York City
- Seller: Cyrus Nallaseth
- Brokers: Jay Bernstein & Anudeep Gosal - Besen Partners
The transaction was facilitated by Jay Bernstein and Anudeep Gosal from Besen Partners, who represented the seller, Cyrus Nallaseth.
Players
New York City 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93