Acquires Storage Asset In Tribeca For $1.15M
65 North Moore Street
$1,150,000
$361/SF
Building Size
3,178 SF
Asset Type
Office
Closing
Mar 1, 2024
About this deal
AI
The property at 65 N Moore St. in Tribeca, a storage asset, was sold for $1,150,000. It spans 3,178 square feet, resulting in a price per square foot of $362.
Summary of transaction details:
- Property Type: Storage
- Transaction Amount: $1,150,000
- Address: 65 N Moore St.
- Market: Tribeca
Daniel Barcelowsky from Evergreen Realty & Investments served as the broker facilitating the deal between the buyer, , and the seller, . The broker attracted a buyer who offered a significant premium above the initial purchase price from a year prior, while the owner was in the process of securing plans for a mini self-storage facility.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93