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698 Chancellor Ave

David Luria Purchases Mixed-Use Property From Chaim Gross For $2,600,000 In Irvington
SOLDMixed-use

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:

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

Steven Matovski

Redwood Realty Advisors

Broker

$133.8M

vol

40 deals

Broker

David Luria

Buyer
Buyer

Chaim Gross

Seller
Seller

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