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41 Beekman Street

Cyrus Nallaseth Sells Mixed-Use Property In New York City For $15M
SOLDMixed-use

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

Jay Bernstein

Besen Partners

Broker

$70M

vol

12 deals

Broker

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