Updated Oct 29, 2024
Sabet Group Acquires SoHo Multifamily For $6.6M From Seller Thierry Bonnet
171 6th Ave, New York, NY 10013, USA
$6,600,000
$48/SF
Building Size
135,000 SF
Asset Type
MultiFamily
Closing
Dec 25, 2019
About this deal
AI
A multifamily property located at 171 Sixth Avenue in SoHo was recently sold for $6,600,000. The property spans 13,500 square feet, resulting in a price per square foot of $488. The sale was completed on December 26, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Address: 171 Sixth Avenue
- Market: SoHo
The buyer in this transaction was the Sabet Group, represented by Alfred Sabet. The seller of the property was Thierry Bonnet. Roberto Ortiz, a broker, facilitated the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93