facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

285 Lafayette St, New York,...

Kushner Companies Acquires SoHo Retail Condo For $39.75M
SOLDRetail

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

Bunny Escava

Kassin Sabbagh Realty

Broker

$1.2B

vol

44 deals

Broker
Kushner Companies
Kushner CompaniesBrokerage
Kushner Companies
Kushner CompaniesBuyer

Ralph Tawil

Centurion Realty

Seller

$114.8M

vol

3 deals

Seller

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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