Nez Bar Acquires Property At 411 Manhattan Ave New York For $600,000 With Buyer's Rep Faith Hope Consolo
411 Manhattan Ave, New York, NY, 10...
$600,000
$500/SF
Building Size
1,200 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 411 Manhattan Ave, New York, NY. The property was sold at a price of $600,000.00 and encompasses a total area of 1200 square feet, situated in the New York market.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $600,000.00
- Address: 411 Manhattan Ave, New York, NY
- Square Footage: 1200 SF
- Market: New York
- Buyer: Nez Bar
- Buyer's Representative: Faith Hope Consolo-Douglas Elliman
Faith Hope Consolo represents Nez Bar in this transaction, highlighting the involvement of a notable broker from Douglas Elliman in facilitating the deal.
On the Map
$600,000
$500/SF
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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
26.44%
Cash-on-Cash
-7.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93