Amy Kit-Ming Mak Acquires Mixed-Use Property In NoLiTa For $5.48M
5 Prince Street, Manhattan, New York, NY, USA
$5,480,000
$1,567/SF
Building Size
3,497 SF
Asset Type
Mixed-use
Closing
Sep 22, 2021
About this deal
AI
Located in the vibrant neighborhood of NoLiTa, the mixed-use property at 5 Prince Street has recently changed hands in a closed transaction. The sale took place on September 22, 2021. Situated on a lot measuring 20.58 ft x 90 ft, this property offers a prime location for diverse commercial and residential opportunities.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $5,480,000
- Buyer: Amy Kit-Ming Mak
- Market: NoLiTa
Amy Kit-Ming Mak, acting as the buyer's representative, acquired this property for a total of $5,480,000. With a building square footage of 3,497, the price per square foot amounts to $1,567. The property's total building square footage is 10,440, resulting in a price per buildable square foot of $524. This transaction presents a valuable investment opportunity in the bustling NoLiTa market.
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
2.89%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93