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
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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