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11 Mercer Street, New York ...

Updated Oct 28, 2024

Dion Lee International Acquires Office Building On Mercer Street In SoHo, Manhattan For $6.8M
SOLDOffice

Dion Lee International Acquires Office Building On Mercer Street In SoHo, Manhattan For $6.8M

11 Mercer Street, New York City, New York 10013, United States

$6,767,195

$1,815/SF

Building Size

3,727 SF

Asset Type

Office

Closing

Sep 12, 2022

About this deal

AI

The office building located at 11 Mercer Street in SoHo, Manhattan has been sold in a transaction that closed on September 13, 2022. The property, spanning 3,727 square feet, was purchased by Dion Lee International, represented by Dion Robert John Lee. The seller of the property was James Kaliardos and Stephen Gan. The sale of the office building amounted to $6,767,195, resulting in a price per square foot of $1,815.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,767,195
  • Square Footage: 3,727
  • Address: 11 Mercer Street
  • Market: SoHo, Manhattan

Dion Lee International, led by Dion Robert John Lee, acquired the office building located at 11 Mercer Street in SoHo from James Kaliardos and Stephen Gan. This transaction highlights the involvement of key individuals and companies in the deal, with Dion Lee International acting as the buyer and James Kaliardos and Stephen Gan as the sellers.

Players

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $1.8K per square foot on a published $6.8M for 3,727 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.34%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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