Cyrus Nallaseth Sells Mixed-Use Property In New York City For $15M
SOLD
$15,000,000
New York
See Similar DealsMixed-use13,840 SF
Sold 12/16/2022
SOLD
Cyrus Nallaseth Sells Mixed-Use Property In New York City For $15M
41 Beekman Street
See Similar DealsMixed-use13,840 SF
Sold 12/16/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,083
Total Square Footage:13,840 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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