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75 Thompson Street

Alex Rabin & David Gomez Acquire Multifamily In Soho, Manhattan For $10M
SOLDMultiFamily

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

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

David Shalom

Avison Young

Broker

$546.1M

vol

37 deals

Broker
David Gomez

David Gomez

Peak Capital Advisors

Buyer

$402.3M

vol

71 deals

Buyer

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