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411 Manhattan Ave, New York...

Nez Bar Acquires Property At 411 Manhattan Ave New York For $600,000 With Buyer's Rep Faith Hope Consolo
SOLD

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

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.

Players

Faith Hope Consolo

Douglas Elliman

Broker

$600K

vol

6 deals

Broker

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