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67 Gansevoort Street, New Y...

Andrew Sasson, Chad Sinsheimer & Michael Kopy Of Ackman-Ziff Acquire Mixed-Use Property In Meatpacking District For $14.76M
SOLDMixed-use

Andrew Sasson, Chad Sinsheimer & Michael Kopy Of Ackman-Ziff Acquire Mixed-Use Property In Meatpacking District For $14.76M

67 Gansevoort Street, New York City, New York 10014, United States

$14,760,000

$2,774/SF

Building Size

5,320 SF

Asset Type

Mixed-use

Closing

Dec 20, 2021

AI

67 Gansevoort St. in the Meatpacking District has been sold for $14,760,000. This mixed-use property spans 5,320 square feet, resulting in a price per square foot of $2,774. The sale was facilitated by Andrew Sasson, Chad Sinsheimer, and Michael Kopy of Ackman-Ziff.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $14,760,000
  • Address: 67 Gansevoort St.
  • Market: Meatpacking District 🥩
  • Square Footage: 5,320
  • Price per Square Foot: $2,774
  • Brokers: Andrew Sasson, Chad Sinsheimer, and Michael Kopy - Ackman-Ziff

Andrew Sasson, Chad Sinsheimer, and Michael Kopy of Ackman-Ziff played a key role in facilitating the sale of this mixed-use property located at 67 Gansevoort St. in the Meatpacking District. Their expertise and efforts contributed to the successful completion of this transaction.

Players

Andrew Sasson

Ackman-Ziff

Broker

$534.2M

vol

11 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

1.07%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93