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
About this deal
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.
On the Map
$14,750,000
$1,044/SF
Office
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Players
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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