Kushner Companies Acquires SoHo Retail Condo For $39.75M
285 Lafayette St, New York, NY 10012, USA
$39,750,000
$128/SF
Building Size
310,000 SF
Asset Type
Retail
Closing
May 30, 2019
AI
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
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93