Updated Sep 23, 2026
Michael Sherman Of Baseline Real Estate Advisors Represents Sale Of Mixed-Use Asset For $9M In SoHo
180 Spring Street
$9,000,000
$2,462/SF
Building Size
3,655 SF
Asset Type
MultiFamily
Closing
Sep 3, 2026
About this deal
AI
This mixed-use property, located at 180 Spring Street in the SoHo neighborhood of Manhattan, has a sale price of $9,000,000. The asset comprises 4 units and has a total square footage of 3,655. The price per unit stands at $2,250,000, while the price per square foot is calculated at $2,462.
Summary of transation details:
- Property Type: Mixed-Use
- Transaction Amount: $9,000,000
- Units: 4
- Square Footage: 3,655
- Price Per Unit: $2,250,000
- Price Per Square Foot: $2,462
- Date of Transaction: 09/03/2026
- Broker: Michael Sherman - Baseline Real Estate Advisors
Michael Sherman represented the deal through Baseline Real Estate Advisors, facilitating the successful transaction of this property in a prime Manhattan location.
On the Map
$9,000,000
$2,462/SF
MultiFamily
View full map
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Sherman to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93