Kushner Companies Acquires SoHo Retail Condo For $39.75M
SOLD
$39,750,000
+ 1
New York
See Similar DealsRetail310,000 SF
Sold 05/31/2019
SOLD
Kushner Companies Acquires SoHo Retail Condo For $39.75M
285 Lafayette St, New York, NY 10012, USA
See Similar DealsRetail310,000 SF
Sold 05/31/2019
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$128
Total Square Footage:310,000 SF
Transaction Type:Sale
The retail condo located at 285 Lafayette St in SoHo was recently sold for a total of $39,750,000. This property spans over 31,000 square feet, leading to a price per square foot of $1,282.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $39,750,000
- Address: 285 Lafayette St
- Market: SoHo
The sellers of this retail condo were Ralph Tawil and Ben Ashkenazy. On the other side of the deal, the buyer was Kushner Companies. Representing the sellers in this transaction were Isaac Setton, Bunny Escava, Ally Dayon from Kassin Sabbagh Realty.
Players
BROKERAGE
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,119,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$141,223.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$188,435.28
Annual Debt Service$2,261,223.35
Is there something missing? Send suggestions