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:
- Property Type: Mixed-use
- Transaction Amount: $35,000,000
- Address: 43-49 Bleecker Street, Noho, Manhattan
- Square Footage: 37,890
- Price per Square Foot: $924
- Brokers: Brandon Polakoff, James Nelson, Alexandra Marolda, Charles Kingsley, Kyle Sabath, and Ryan McGuirl - Avison Young
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
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