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43 Crosby Street

Cushman & Wakefield Represents Seller In $20.81M Mixed-Use Sale At 43 Crosby Street SoHo
SOLDMixed-use

Cushman & Wakefield Represents Seller In $20.81M Mixed-Use Sale At 43 Crosby Street SoHo

43 Crosby Street

$20,810,000

$1,541/SF

Building Size

13,500 SF

Asset Type

Mixed-use

Closing

Sep 30, 2024

AI

The property located at 43 Crosby Street, situated in the SoHo market, is a mixed-use asset encompassing a total square footage of 13,500. The sale was concluded at a price of $20,810,000, equating to a price per square foot of $1,541.

Summary of transaction details:

The transaction involved key representatives from Cushman & Wakefield, specifically Michael Gembecki, Bobby Carrozzo, Robert Burton, and Evan Lush, who played a crucial role in facilitating the sale of the property.

Players

Michael Gembecki

Cushman & Wakefield

Broker

$449.8M

vol

35 deals

Broker

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93