Avison Young Brokers Sell Mixed-Use Property At 1 7th Avenue South In New York City For $7.95M
SOLD
$7,950,000
+ 2
New York
See Similar DealsMixed-use9,369 SF
Sold 07/07/2023
SOLD
Avison Young Brokers Sell Mixed-Use Property At 1 7th Avenue South In New York City For $7.95M
1 7th Ave S New York, NY 10014, USA
See Similar DealsMixed-use9,369 SF
Sold 07/07/2023
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$848
Total Square Footage:9,369 SF
Transaction Type:Sale
Located at 1 7th Avenue South in New York City, this mixed-use property was recently sold for a price of $7,950,000. The property spans a total area of 9,369 square feet, resulting in a price per square foot of $849. The asset is characterized by its versatile usage, combining both residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $7,950,000
- Square Footage: 9,369
- Price per Square Foot: $849
- Address: 1 7th Avenue South, New York City
The property was sold by Winston Hatta and Jesse Keyes. Leading the transaction were brokers from Avison Young, namely David Shalom, Alexandra Marolda, Edward Nelson, and Joseph Moran.
Notably, the property's cap rate stands at 4.6%, suggesting a favorable return on investment for the new owners.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$424,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,244.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,687.06
Annual Debt Service$452,244.67
Is there something missing? Send suggestions