Andrew Cutler Purchases Garage From David H Lichtenstein Mitchell Lichtenstein & Judith Kassel For $5.5M
747 Washington Street
$5,500,000
$2,680/SF
Building Size
2,052 SF
Asset Type
Garage
Closing
Mar 13, 2025
About this deal
AI
The property involved in this transaction is a garage located at 747 Washington Street in New York City. The transaction was completed on March 13, 2025, at a sale price of $5,500,000.00. The garage encompasses a total area of 2,052 square feet.
Summary of transaction details:
- Property Type: Garage
- Transaction Amount: $5,500,000.00
- Address: 747 Washington Street
- Market: New York City
- Square Footage: 2,052.0
- Buyer: Andrew Cutler
- Seller: David H Lichtenstein, Mitchell Lichtenstein & Judith Kassel
This transaction involved Andrew Cutler as the buyer and a group of sellers consisting of David H Lichtenstein, Mitchell Lichtenstein, and Judith Kassel. They were directly engaged in facilitating this property deal, contributing to the successful completion of the transaction.
On the Map
$5,500,000
$2,680/SF
Garage
View full map
Players
New York Garage Market Snapshot
Boundary boundary · Garage · Sale transactions
Loading comparables…
Deal FAQ
Visit Andrew Cutler to view all their deals.
Browse New York garage sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93