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43 Bleecker Street

Avison Young Acquires Mixed-Use Property On Bleecker Street For $35M
SOLDMixed-use

Avison Young Acquires Mixed-Use Property On Bleecker Street For $35M

43 Bleecker Street & 49 Bleecker Street

$35,000,000

$461/SF

Building Size

75,780 SF

Asset Type

Mixed-use

Closing

Dec 12, 2023

AI

43-49 Bleecker Street, a mixed-use property located in Noho, Manhattan, has been sold. The transaction was facilitated by Avison Young, with brokers Brandon Polakoff, James Nelson, Alexandra Marolda, Charles Kingsley, Kyle Sabath, and Ryan McGuirl representing the parties involved. The sale price for this property was $35,000,000, with a total square footage of 37,890. This translates to a price per square foot of $924.

Summary of transaction details:

This deal involved a diverse set of brokers from Avison Young, including Brandon Polakoff, James Nelson, Alexandra Marolda, Charles Kingsley, Kyle Sabath, and Ryan McGuirl. Their combined efforts led to the successful sale of this mixed-use property in Noho, Manhattan.

Players

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker

Greenwich 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93