SOLDMixed-use
Javeri Capital and HudsonPoint Group Acquire Mixed-Use Property In Soho, Manhattan For $29M
91 Crosby Street
$29,000,000
$1,450/SF
Building Size
20,000 SF
Asset Type
Mixed-use
Closing
Dec 22, 2023
AI
Located in the trendy neighborhood of Soho in Manhattan, a mixed-use property at 91 Crosby Street and 252 Lafayette Street has been sold in a closed transaction. The deal was finalized on December 22, 2023, with a sale price of $29,000,000. Spanning an area of 20,000 square feet, the property boasts a price per square foot of $1,450.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $29,000,000
- Address: 91 Crosby Street / 252 Lafayette Street
- Market: Soho, Manhattan
- Square Footage: 20,000
- Price per Square Foot: $1,450
The noteworthy buyers involved in this transaction are Rishi Barai and Atit Javeri from Javeri Capital, Jason Schottenfeld, and Matthew Pazzaglini, as well as Daniel Levitin from HudsonPoint Group. Each party played a crucial role in the acquisition of this property, representing different entities and interests.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93