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183 Chrystie Street, New Yo...

David Paz Acquires Hospitals Property In Lower East Side For $19.5M
SOLD

David Paz Acquires Hospitals Property In Lower East Side For $19.5M

183 Chrystie Street, New York City, New York 10002, United States

$19,500,000

$2,031/SF

Building Size

9,600 SF

Asset Type

Closing

Dec 14, 2021

AI

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.

Players

David Paz

Omnia Group

Buyer

$84.7M

vol

4 deals

Buyer

Joel Fishkind

Seller

$31M

vol

2 deals

Seller

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93