Updated Dec 19, 2023
Ana Menezes Acquires SoHo Single Family Property From Terry Richardson For $5.95M
185 Lafayette Street, New York City, New York 10013, United States
$5,950,000
$2,830/SF
Building Size
2,102 SF
Asset Type
Single Family Residence
Closing
Jul 14, 2022
About this deal
AI
The property located at 185 Lafayette Street in SoHo, Manhattan was recently sold in a closed transaction. The single family property is zoned as M1-5B and has a lot size of 735. The building has a total of 3,675 square feet, with a price per square foot of $1,619. The total lot size is 2,102 square feet, with a price per square foot of $2,830. The property has a FAR of 2.86 and is classified under tax class 1. The last recorded sale of the property was on April 8, 2009, for a price of $3,335,000. There were also permits for alteration on July 11, 2011.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,950,000
- Market: SoHo, Manhattan
- Buyer: Ana Menezes
- Seller: Terry Richardson
Ana Menezes, represented by her broker Terry Richardson, purchased the property for a total price of $5,950,000. The buyer and seller involved in this transaction have been identified. The property was sold at a price of $1,619 per square foot for the building and $2,830 per square foot for the lot. The transaction took place on July 15, 2022. The property was previously sold on April 8, 2009, for a lower price of $3,335,000. Permits for alteration were also obtained on July 11, 2011. The property dimensions are 20.5 feet by 35.42 feet.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.8K per square foot on a published $6M for 2,102 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93