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689 10th Avenue

Updated Dec 19, 2023

Larry Mullan Acquires Mixed-Use Property In Hell's Kitchen For $8.4M
SOLD

Larry Mullan Acquires Mixed-Use Property In Hell's Kitchen For $8.4M

$8,400,000

Units

1,041

Asset Type

Closing

Dec 19, 2019

About this deal

AI

No summary available.

Larry Mullan Acquires Mixed-Use Property In Hell's Kitchen For $8.4M is logged as a commercial sale on Traded (2019). Sam Hoefle, Colton Traynham, Matt Fotis, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the market file for the Larry Mullan Acquires Mixed-Use Property In Hell's Kitchen For $8.4M commercial sold: pricing, party profiles, and other closed commercial comps from the same area sit in the Market section below. Cite this Larry Mullan Acquires Mixed-Use Property In Hell's Kitchen For $8.4M sale when underwriting similar commercial product.

Players

Matt Fotis

Marcus & Millichap

Broker

$615.9M

vol

114 deals

Broker

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.89%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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