Alex Rabin & David Gomez Acquire Multifamily In Soho, Manhattan For $10M
SOLD
New York
See Similar DealsMultiFamily13,416 SF
Sold 01/05/2024
SOLD
Alex Rabin & David Gomez Acquire Multifamily In Soho, Manhattan For $10M
75 Thompson Street
See Similar DealsMultiFamily13,416 SF
Sold 01/05/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$745
Total Square Footage:13,416 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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