Newmark And Serhant Sell Mixed-Use Building At 9 Great Jones Street For $15.25M
9 Great Jones Street
$15,250,000
$915/SF
Building Size
16,660 SF
Asset Type
Mixed-use
Closing
Aug 21, 2026
About this deal
AI
The property asset involved in this transaction is located at 9 Great Jones Street in the Noho market. The asset is a mixed-use building comprising 2 commercial units and 4 residential units. It has a total of 16,660 square feet and was sold for a price of $15,250,000, resulting in a price per unit of $2,541,667 and a price per square foot of $915.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $15,250,000
- Units: 6
- PPU: $2,541,667
- SF: 16,660
- PPSF: $915
- Seller's Representatives: Eric Roth, Maurice Suede, Brett Siegel, Christine Felling - Newmark; Jade Shenker - Serhant
- Seller's Attorney: Ben Brash - Rukab Brash PLLC
Key individuals involved in the deal include Eric Roth, Maurice Suede, Brett Siegel, Christine Felling from Newmark, and Jade Shenker from Serhant, who represented the seller in this transaction.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93