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
About this deal
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.
On the Map
Mixed-use
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93