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68 Thompson St, New York, N...

Ralph Tawil’s Centurion Realty Acquires Mixed Use Property In Manhattan For $62M
SOLDMixed-use

Ralph Tawil’s Centurion Realty Acquires Mixed Use Property In Manhattan For $62M

68 Thompson St, New York, NY 10012, USA

Building Size

36,000 SF

Asset Type

Mixed-use

Closing

Dec 27, 2017

AI

68-74 Thompson Street, located in the Manhattan market, has been sold in a closed property transaction. The mixed-use property was sold for $62,000,000. It spans across 36,000 square feet with a price per square foot of $1,722. The property is situated in New York City.

Summary of Transaction Details

  • Property Type: Mixed Use
  • Transaction Amount: $62,000,000
  • Address: 68-74 Thompson Street
  • Market: Manhattan
  • Square Footage: 36,000
  • Price per Square Foot: $1,722

Ralph Tawil’s Centurion Realty has acquired the property from Joseph Nabavi. The deal was facilitated by Cushman and Wakefield’s Brandon Polakoff, James Nelson, and Robert Burton.

Players

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker

Ralph Tawil

Centurion Realty

Buyer

$114.8M

vol

3 deals

Buyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93