HJS Tribeca LLC Acquires Mixed-Use Property On Murray Street, Manhattan For $13M
67 Murray Street New York, Ny 10007, Usa
$13,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 1, 2023
About this deal
AI
HJS Tribeca LLC has purchased a former shoe polish factory in Tribeca, located at 67 Murray St., Manhattan, from Anthony LoConte for $13 million. The property is a mixed-use asset with four apartments.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $13,000,000
- Address: 67 Murray Street, Manhattan
The buyer, HJS Tribeca LLC, acquired the property from seller Anthony LoConte. The transaction involved a former shoe polish factory in Tribeca, which is now a mixed-use asset consisting of four apartments. This deal signifies the continuing demand for mixed-use properties in Manhattan's real estate 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93