facebook
Traded Co logo
Submit

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

Property Image
SOLD
$35,000,000
Charles (Chas) Kingsley
Alexandra Marolda
+ 3

New York

See Similar Deals
Mixed-use75,780 SF
Sold 12/12/2023
the dealplayerscompscontact
Property Image
SOLD

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

43 Bleecker Street & 49 Bleecker Street

See Similar Deals
Mixed-use75,780 SF
Sold 12/12/2023
Charles (Chas) Kingsley
Alexandra Marolda
+ 3
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$461
Total Square Footage:75,780 SF
Transaction Type:Sale

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
123 deals$1.8B volume
BROKER

James Nelson
Avison Young
85 deals$1.9B volume
BROKER

Alexandra Marolda
Avison Young
37 deals$814.9M volume
BROKER

Charles (Chas) Kingsley
Avison Young
15 deals$594.5M volume
BROKER

Ryan McGuirl
Avison Young
60 deals$804.5M volume(212) 858-9361
BROKER

Kyle Sabath
Avison Young
17 deals$200.5M volume(212) 729-6279
BROKER

Details

SOLD
IMAGE: Brandon Polakoff, Charles Kingsley, James Nelson, Alexandra Marolda, Kyle Sabath & Ryan McGuirl DATE: 12/12/2023 ADDRESS: 43-49 Bleecker Street MARKET: Noho, Manhattan ASSET TYPE: Mixed-use BROKERS: Brandon Polakoff (@BfPolly), James Nelson (@JamesNelsonNYC), Alexandra Marolda (@Alexandra_M_690), Charles Kingsley, Kyle Sabath & Ryan McGuirl - Avison Young (@Avison_Young_Global) SALE PRICE: $35,000,000 SF: 37,890 ~ PPSF: $924

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,866,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27