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46 Walker Street, New York ...

Firebird Grove Acquires Mixed-Use Property In Tribeca, Manhattan For $5.5M
SOLDMixed-use

Firebird Grove Acquires Mixed-Use Property In Tribeca, Manhattan For $5.5M

46 Walker Street, New York City, New York 10013, United States

$5,500,000

$423,076/SF

Building Size

13 SF

Asset Type

Mixed-use

Closing

Oct 20, 2022

AI

A mixed-use property located at 46 Walker Street in Tribeca, Manhattan has been sold on October 20, 2022. The property spans across 13,280 square feet and was sold for a price of $5,500,000, which amounts to approximately $414 per square foot. The buyer is Firebird Grove, represented by Adam Semler, while the seller is John Fortenberry.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $5,500,000
  • Address: 46 Walker Street, Tribeca, Manhattan
  • Market: Tribeca, Manhattan

Firebird Grove, represented by Adam Semler, acquired the mixed-use property at 46 Walker Street in Tribeca, Manhattan from John Fortenberry for a total transaction amount of $5,500,000. The property spans across 13,280 square feet and was sold at a price of approximately $414 per square foot.

Players

Adam Selmer

Firebird Grove

Buyer

$51.2M

vol

11 deals

Buyer

John Fortenberry

Seller

$11M

vol

2 deals

Seller

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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93