SOLD
Avison Young Brokers Sell Mixed-Use Property At 1 7th Avenue South In New York City For $7.95M
1 7th Avenue South
Mixed-use
9,369 SF
9,369 SF
Sold 314 days ago
Summary
Sale
NEW YORK
Mixed-use
9,369 sqft
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
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: David Shalom, Alexandra Marolda, Edward Nelson & Joseph Moran
DATE: 07/07/2023
ADDRESS: 1 7th Avenue South
MARKET: New York City
ASSET TYPE: Mixed-Use
SELLER: Winston Hatta & Jesse Keyes
BROKERS: David Shalom (@D_Shal), Alexandra Marolda, Edward Nelson (@EdwardNelson_) & Joseph Moran (@JoeMoran31) - Avison Young (@Avison_Young_Global)
SALE PRICE: $7,950,000
SF: 9,369 ~ PPSF: $849
NOTE: Cap Rate: 4.6%View on map
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Address1 7th Avenue South
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