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
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