Javier Martinez Acquires Development Site In Hamilton Heights For $11.4M
SOLD
$11,385,000
New York
See Similar DealsDevelopment Site24,288 SF
Sold 08/22/2018
SOLD
Javier Martinez Acquires Development Site In Hamilton Heights For $11.4M
1861 Amsterdam Ave #1865, New York, NY 10031, USA
See Similar DealsDevelopment Site24,288 SF
Sold 08/22/2018
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$468
Total Square Footage:24,288 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$607,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,448.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,970.71
Annual Debt Service$647,648.50
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