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Trim Tab Studios LLC Acquires Mixed-Use Property At 51 Market Street For $4.625M
SOLD
$4,625,000
New York
See Similar DealsMixed-use5,980 SF
Sold 05/27/2026
SOLD
Trim Tab Studios LLC Acquires Mixed-Use Property At 51 Market Street For $4.625M
51 Market Street
See Similar DealsMixed-use5,980 SF
Sold 05/27/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$773
Total Square Footage:5,980 SF
Transaction Type:Sale
Trim Tab Studios LLC has purchased a 5,980-square-foot mixed-use property located at 51 Market Street in the Two Bridges neighborhood of Manhattan. The property was sold for $4,625,000, which equates to a price per square foot of $773.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,625,000
- Address: 51 Market Street
- Market: Two Bridges, Manhattan
- Square Footage: 5,980
- Price Per Square Foot: $773
- Buyer: Trim Tab Studios LLC
- Seller: Alain Sinturel & Marjorie Saunders
The transaction involved representatives for both parties, ensuring a smooth process for the transfer of the property. Alain Sinturel and Marjorie Saunders were the sellers in this case, while Trim Tab Studios LLC acted as the buyer.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$246,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,431.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,924.86
Annual Debt Service$263,098.31
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