SOLDMultiFamily
Jack Dutch Purchases 5 Prince St Multifamily Property In New York For $5,500,000 From Bari Restaurant Supply
5 Prince St
$5,500,000
$1,571/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Aug 14, 2025
AI
The transaction involves a multi-family asset located at 5 Prince St in New York. The property was sold for $5,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,500,000.00
- Sale Date: 08/14/2025
- Buyer: Jack Dutch
- Seller: Bari Restaurant Supply
- Broker: Jared Minc - Building Equity Management
This deal showcases the involvement of Jared Minc, who represented Building Equity Management in the transaction, playing a crucial role in facilitating the agreement between Jack Dutch and Bari Restaurant Supply.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93