Perry NYC LLC Acquires Mixed-Use Property On Laight Street In Manhattan For $18M
70 Laight St, New York, NY 10013, USA
Building Size
125,000 SF
Asset Type
Mixed-use
Closing
Aug 21, 2017
About this deal
AI
The mixed-use property located at 70 Laight Street in New York City's Manhattan market has been sold for a total price of $18,000,000. Spanning over 12,500 square feet, the property was purchased by Perry NYC LLC from seller Thierry Despont. The price per square foot of the transaction was $1,440.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $18,000,000
- Address: 70 Laight Street, New York, NY
- Market: Manhattan
- Seller: Thierry Despont
- Buyer: Perry NYC LLC
Perry NYC LLC, represented by their broker Thierry Despont, finalized the purchase of this prime mixed-use property. The transaction marks a significant deal in the vibrant Manhattan market, showcasing the strong demand for properties in this area.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
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