Agus Holdings Acquires Parking Garage In New York For $1.475M
SOLD
$1,475,000
National
See Similar DealsRetail14,000 SF
Sold 03/03/2023
SOLD
Agus Holdings Acquires Parking Garage In New York For $1.475M
436 East 83rd Parking Garage
See Similar DealsRetail14,000 SF
Sold 03/03/2023
Summary
Asset Type:Retail
Price Per Square Foot:$105
Total Square Footage:14,000 SF
Transaction Type:Sale
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]
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,240.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,992.25
Annual Debt Service$83,907.03
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