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40 Wooster Street

Andy Golubitsky's Astral Properties & Rincon Series A Acquires Mixed Use Office & Retail In Soho, Manhattan For $14.75M
SOLDOffice

Andy Golubitsky's Astral Properties & Rincon Series A Acquires Mixed Use Office & Retail In Soho, Manhattan For $14.75M

40 Wooster Street

$14,750,000

$1,044/SF

Building Size

14,125 SF

Asset Type

Office

Closing

Sep 28, 2023

AI

The property at 40 Wooster Street in Soho, Manhattan has been sold in a mixed-use office and retail transaction. The sale price for this property was $14,750,000, with a total square footage of 14,125. The price per square foot was calculated to be $1,044.

Summary of transaction details

  • Property Type: Mixed Use Office & Retail
  • Transaction Amount: $14,750,000
  • Address: 40 Wooster Street, Soho, Manhattan

Andy Golubitsky, representing Astral Properties and Rincon Series A, was the buyer of this property. The seller, Ran Eliasaf, was represented by the Northwind Group. The buyer's representative was Ryan Garson from Compass, while the seller's representatives were David Schechtman, Abie Kassin, and Brian Gladstone from Meridian Capital Group.

Players

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker
AP
Astral PropertiesBuyer
Ran Eliasaf

Ran Eliasaf

Northwind Group

Seller

$2.2B

vol

17 deals

Seller

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93