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369 Warren Street

Updated Sep 9, 2024

Floris Keverling Acquires Mixed-Use Property At 369 Warren Street In New York City
SOLDMultiFamily

Floris Keverling Acquires Mixed-Use Property At 369 Warren Street In New York City

369 Warren Street

$1,700,000

$607/SF

Building Size

2,800 SF

Asset Type

MultiFamily

Closing

Mar 24, 2023

About this deal

AI

The mixed-use property located at 369 Warren Street in New York City has been sold for $1,700,000. The property spans across 2,375 square feet, resulting in a price per square foot of $716. The sale took place on March 24, 2023, and involved the following parties:

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,700,000
  • Address: 369 Warren Street
  • Market: New York City

The buyer of the property was Floris Keverling, while Sherwin Gordon acted as the seller. The deal was facilitated by Gabriel Kates and Sean Mashihi from Block Real Estate Group, who represented both the buyer and the seller in the transaction.

Players

Gabriel Kates
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Gabriel Kates

Block Real Estate Group

Broker

$163M

vol

62 deals

Broker

Sherwin Gordon

Seller

$7.1M

vol

2 deals

Seller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $607 per square foot on a published $1.7M for 2,800 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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