Updated Feb 21, 2025
Alex Rabin & David Gomez Acquire Multifamily In Soho, Manhattan For $10M
75 Thompson Street
$10,000,000
$745/SF
Building Size
13,416 SF
Asset Type
MultiFamily
Closing
Jan 5, 2024
About this deal
AI
A multifamily property located at 75 Thompson Street in Soho, Manhattan has been sold for $10,000,000. The property spans 13,416 square feet, resulting in a price per square foot of $745.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 75 Thompson Street
- Market: Soho, Manhattan
Alex Rabin and David Gomez have purchased the property. The deal was facilitated by the brokers David Shalom, James Nelson, Brandon Polakoff, Alexandra Marolda, and Ryan McGuirl from Avison Young.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93