David Luria Purchases Mixed-Use Property From Chaim Gross For $2,600,000 In Irvington
698 Chancellor Ave
$2,600,000
$231/SF
Building Size
11,250 SF
Asset Type
Mixed-use
Closing
Dec 1, 2022
AI
The asset involved in this transaction is a mixed-use property located at 698 Chancellor Ave in the Irvington market. The sale occurred at a price of $2,600,000.00 and spans a total square footage of 11,250.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,600,000.00
- Address: 698 Chancellor Ave
- Market: Irvington
- Square Footage: 11,250.0
- Buyer: David Luria
- Seller: Chaim Gross
- Brokers: Steven Matovski - Redwood Realty Advisors
Key individuals involved in the transaction include David Luria, who acted as the buyer, and Chaim Gross, the seller. The transaction was represented by Steven Matovski from Redwood Realty Advisors, who facilitated the deal.
Players
Irvington Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93