SOLD
Bluestar Properties, Inc. Acquires Property At 331 E 5th St New York For $6.35M
331 E 5th St, New York, NY, 10003
$6,350,000
$907/SF
Building Size
7,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property located at 331 E 5th St, New York, NY, 10003, has a transaction value of $6,350,000.00. The asset encompasses 7,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $6,350,000.00
- Address: 331 E 5th St, New York, NY, 10003
- Square Footage: 7,000
- Market: New York
- Buyer: Bluestar Properties, Inc.
- Buyer's Representative: Joshua Kaufman
In this transaction, Bluestar Properties, Inc. acted as the buyer with representation from Joshua Kaufman. The seller details were not disclosed in the provided context.
Players
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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93