Onur Tatar Acquires Mixed-Use Property In Tribeca, Manhattan For $14M
41 White Street
$1,400,000
$116/SF
Building Size
12,000 SF
Asset Type
Mixed-use
Closing
May 8, 2024
AI
The mixed-use property located at 41 White Street in Tribeca, Manhattan was sold for $14,000,000. Spanning 12,000 square feet, the property was acquired at a price per square foot of $1,167. The sale was facilitated by Brian Gladstone, David Schechtman, and Abie Kassin from Meridian Capital Group.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $14,000,000
- Address: 41 White Street
- Market: Tribeca, Manhattan
- Buyer: Onur Tatar - Tatar Holding
- Seller: Benchmark Real Estate Group
- Brokers: Brian Gladstone, David Schechtman & Abie Kassin - Meridian Capital Group
- SF: 12,000
- PPSF: $1,167
Onur Tatar of Tatar Holding purchased the property from Benchmark Real Estate Group. The deal was successfully closed with the assistance of the three brokers, Brian Gladstone, David Schechtman, and Abie Kassin, all from Meridian Capital Group.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93