Javier Martinez Acquires Development Site In Hamilton Heights For $11.4M
1861 Amsterdam Ave #1865, New York, NY 10031, USA
$11,385,000
$468/SF
Building Size
24,288 SF
Asset Type
Development Site
Closing
Aug 21, 2018
AI
The property located at 1861-1865 Amsterdam Ave in New York's Hamilton Heights neighborhood has been sold in a closed transaction. The development site was purchased for a total price of $11,385,000. The site has a total building square footage of 24,288, resulting in a price per square foot of $468.
Summary of transation details
- Property Type: Dev. Site
- Transaction Amount: $11,385,000
- Address: 1861-1865 Amsterdam Ave, New York
- Market: Hamilton Heights
- Building Square Footage: 24,288
- Price per Square Foot: $468
The seller of the property was Ronnie Mandler. The buyer, on the other hand, was Javier Martinez.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93