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
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