Thomas Turner Acquires 6,700 SF SFR In SoHo From Arthur Becker For $11.8M
40 Sullivan St, Manhattan, New York, NY, USA
$11,800,000
$1,761/SF
Building Size
6,700 SF
Asset Type
Single Family Residence
Closing
Feb 15, 2021
AI
The property involved in this transaction is a Single Family Residential (SFR) located at 40 Sullivan Street in SoHo. The transaction took place on February 16, 2021. The property spans approximately 6,700 square feet and was sold for a price of $11,800,000, resulting in a price per square foot of $1,761.
Summary of transaction details
- Property Type: Single Family Residential (SFR)
- Transaction Amount: $11,800,000
- Date: February 16, 2021
- Address: 40 Sullivan Street
- Market: SoHo
The buyer in this transaction was Thomas Turner, while the seller was Arthur P Becker. Robert Dankner from Prime Manhattan Residential represented both parties as the broker.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93