Carlos Ramos Sells Package Deal In Mott Haven For $5.9M With Lev Mavashev & Yehuda Leser - Alpha Realty
SOLD
$5,900,000
National
See Similar DealsPackage Deal21,055 SF
Sold 12/01/2022
SOLD
Carlos Ramos Sells Package Deal In Mott Haven For $5.9M With Lev Mavashev & Yehuda Leser - Alpha Realty
214 St Anns Ave & 575 E 137th St
See Similar DealsPackage Deal21,055 SF
Sold 12/01/2022
Summary
Asset Type:Package Deal
Price Per Square Foot:$280
Total Square Footage:21,055 SF
Transaction Type:Sale
Alpha Realty has facilitated the sale of a package deal in Mott Haven. The properties in question are located at 214 St Anns Ave and 575 E 137th St. The package deal, brokered by Lev Mavashev and Yehuda Leser of Alpha Realty, has been finalized for a sale price of $5,900,000.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $5,900,000
- SF: 21,055
- PPSF: $280
- Address: 214 St Anns Ave & 575 E 137th St
- Market: Mott Haven
- Seller: Carlos Ramos
- Brokers: Lev Mavashev & Yehuda Leser - Alpha Realty
The transaction involved two buildings with a combined square footage of 21,055. The properties were sold as a package deal for a price of $5,900,000. The deal was successfully facilitated by Lev Mavashev and Yehuda Leser of Alpha Realty, who represented the seller, Carlos Ramos. The transaction reflects a price per square foot of $280.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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