David Paz Acquires Hospitals Property In Lower East Side For $19.5M
SOLD
New York
See Similar Deals9,600 SF
Sold 12/15/2021
SOLD
David Paz Acquires Hospitals Property In Lower East Side For $19.5M
183 Chrystie Street, New York City, New York 10002, United States
See Similar Deals9,600 SF
Sold 12/15/2021
Summary
NEW YORK
Price Per Square Foot:$2,031
Total Square Footage:9,600 SF
Transaction Type:Sale
The property at 183 Chrystie Street in Lower East Side, Manhattan has been sold for a price of $19,500,000. The asset is a hospital with a building square footage (BSF) of 36,660 and a price per BSF of $532. The total area of the property is 9,600 square feet, with a price per square foot (PPSF) of $2,031. The property has a floor area ratio (FAR) of 1.97 and falls under tax class 4. The lot size is 4,875 square feet, with dimensions of 50 feet by 99.33 feet. The last recorded sale of the property was on July 17, 2003, for a price of $0.
Summary of transaction details
- Property Type: Hospitals
- Transaction Amount: $19,500,000
- Market: Lower East Side, Manhattan
- Zoning: C6-3A
The buyer of the property is David Paz, and the seller is Joel Fishkind.
Please note that no additional information is available about the deal's key individuals or companies involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,039,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38
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