Agus Holdings Acquires Parking Garage In New York For $1.475M
436 East 83rd Parking Garage
$1,475,000
$105/SF
Building Size
14,000 SF
Asset Type
Retail
Closing
Mar 3, 2023
AI
The parking garage located at 436 East 83rd Street in New York has been sold in a recent transaction. The property, which spans 14,000 square feet, was purchased for a sale price of $1,475,000. The garage is situated in the New York market and was sold by Cielo Parking.
Summary of Transaction Details
- Property Type: Parking Garage
- Transaction Amount: $1,475,000
- Property Size: 14,000 square feet
- Price per Square Foot: $105
- Address: 436 East 83rd Street, New York
The buyer of the parking garage is Agus Holdings, represented by Meyer Tawil and Adam Agus. Agus Holdings is actively seeking acquisition opportunities in the New York and New Jersey markets. For inquiries, interested parties can reach out to Meyer at [email protected]
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93