Lazar Ventures Sells Mixed-use Property In Tribeca For $21.1M
457 Washington Street, New York City, New York 10013, United States
$21,051,758
$3,742/SF
Building Size
5,625 SF
Asset Type
Mixed-use
Closing
Aug 30, 2022
About this deal
AI
The mixed-use property located at 457 Washington Street in Tribeca, Manhattan has been sold in a closed transaction. The sale took place on August 31, 2022, for a total price of $21,051,758. The property consists of 3 units, with an average price per unit of $7,017,252. It spans across a total area of 5,625 square feet, resulting in a price per square foot of $3,742.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $21,051,758
- Address: 457 Washington Street
- Market: Tribeca, Manhattan
- Units: 3
- Price per Unit: $7,017,252
- Total Square Footage: 5,625 sqft
- Price per Square Foot: $3,742
The seller of the property was Lazar Ventures, represented by Cathleen M. Ihasz. No further details about the buyer or any other involved parties were provided in the available information.
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
0.75%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93