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5 Lispenard Street

Liza Izkiyayeva Acquires Mixed-Use Properties In TriBeCa From Vincent Del Vecchio
SOLDMixed-use

Liza Izkiyayeva Acquires Mixed-Use Properties In TriBeCa From Vincent Del Vecchio

5 Lispenard Street & 1 Lispenard Street

$7,900,000

$419/SF

Building Size

18,850 SF

Asset Type

Mixed-use

Closing

Jun 17, 2024

AI

Liza Izkiyayeva acquired two mixed-use properties at 5 and 1 Lispenard Street in TriBeCa, Manhattan, from Vincent Del Vecchio for $7.9 million. The total square footage of the properties is 9,425, with a price per square foot of $838.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,900,000
  • Address: 5 Lispenard Street & 1 Lispenard Street
  • Market: TriBeCa, Manhattan

Liza Izkiyayeva acted as the buyer in this transaction, acquiring the mixed-use properties from Vincent Del Vecchio. Vincent Del Vecchio served as the seller in this deal. The properties are situated in the vibrant neighborhood of TriBeCa in Manhattan, known for its mix of residential and commercial spaces.

Players

Jared Minc

Building Equity Management

Broker

$148.9M

vol

20 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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93