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179 Ludlow St, New York, NY...

Sutton Equity LLC Acquires Property From Enclave Equities For $3 Million With Buyer's Rep Itanel Rahmani
SOLDCommercial

Sutton Equity LLC Acquires Property From Enclave Equities For $3 Million With Buyer's Rep Itanel Rahmani

179 Ludlow St, New York, NY, 10002

$3,000,000

Building Size

Asset Type

Commercial

Closing

Jun 18, 2015

AI

The property involved in this transaction is located at 179 Ludlow St, New York, NY, 10002. The transaction was completed at a price of $3,000,000.00 with a total of 0 square feet. The market for this property is New York.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $3,000,000.00
  • Buyer: Sutton Equity LLC
  • Seller: Enclave Equities
  • Buyer's Representative: Itanel (Itan) Rahmani - Venture Capital Properties

This transaction highlights the involvement of Sutton Equity LLC as the buyer and Enclave Equities as the seller, with Itanel (Itan) Rahmani representing the buyer for this deal through Venture Capital Properties.

Players

Itanel Rahmani

Venture Capital Properties

Broker

$481.9M

vol

29 deals

Broker
SL
Sutton Equity LLCBuyer

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93