Benchmark Real Estate Group Sells Mixed-Use Property In Greenwich Village For $15M
10 5th Avenue, New York City, New York 10035, United States
$15,000,000
$1,185/SF
Building Size
12,654 SF
Asset Type
Mixed-use
Closing
Dec 13, 2021
AI
Located in Greenwich Village, the mixed-use property at 10 5th Avenue has been sold in a recent transaction. The sale was facilitated by Michael Ferrara of Brax Realty on behalf of the seller, Benchmark Real Estate Group, represented by Jordan Vogel and Aaron Feldman.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $15,000,000
- BSF (Building Square Footage): 28,500
- PPBSF (Price per Building Square Foot): $526
- SF (Total Square Footage): 12,654
- PPSF (Price per Square Foot): $1,185
- Address: 10 5th Avenue
- Market: Greenwich Village
The property offers a mix of residential and commercial space, providing a diverse range of opportunities. The transaction showcases the expertise of Michael Ferrara from Brax Realty, who successfully represented the seller, Benchmark Real Estate Group, in the negotiation process.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93