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53 Stone Street

Meridian Capital Group Represents Sale Of Mixed-Use Property In Manhattan For $10.25M
SOLDMixed-use

Meridian Capital Group Represents Sale Of Mixed-Use Property In Manhattan For $10.25M

53 Stone Street

$10,250,000

$613/SF

Building Size

16,698 SF

Asset Type

Mixed-use

Closing

Mar 24, 2026

AI

53 & 55 Stone Street AKA 15 & 17 South William Street, located in Manhattan, encompasses a 100% fully managed mixed-use asset featuring 2 commercial units and 7 residential units. The sale price for this property was $10,250,000, and it includes a total area of 16,698 square feet, translating to a price per unit of $1,138,889 and a price per square foot of $613.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,250,000
  • Units: 9
  • Price per Unit: $1,138,889
  • Square Footage: 16,698
  • Price per Square Foot: $613
  • Market: Manhattan
  • Brokers: Shallini Mehra & Amit Doshi - Meridian Capital Group

The transaction was facilitated by the brokers, Shallini Mehra and Amit Doshi, who represent the seller in this deal. The property features two landmarked elevator buildings situated in the vibrant Financial District, which includes a street known for its pedestrian-friendly atmosphere with numerous dining options.

Players

Shallini Mehra

Meridian Capital Group

Broker

$1.1B

vol

78 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

1.55%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93