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436 East 83rd Parking Garage

Agus Holdings Acquires Parking Garage In New York For $1.475M
SOLDRetail

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

Adam Agus

Agus Holdings

Buyer

$11.1M

vol

11 deals

Buyer
Agus Holdings
Agus HoldingsBuyer

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