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:
- Property Type: Mixed-use
- Transaction Amount: $20,810,000
- Address: 43 Crosby Street
- Market: SoHo
- Square Footage: 13,500
- Price Per Square Foot: $1,541
- Seller's Representatives: Michael Gembecki, Bobby Carrozzo, Robert Burton & Evan Lush - Cushman & Wakefield
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
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