Avison Young Brokers Sell Mixed-Use Property At 1 7th Avenue South In New York City For $7.95M

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.