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1001 Park Avenue

Joshua Garren MD Acquires Mixed-Use Property At 1001 Park Avenue From Rainer Mittl For $2.2M
SOLDMixed-use

Joshua Garren MD Acquires Mixed-Use Property At 1001 Park Avenue From Rainer Mittl For $2.2M

1001 Park Avenue

$2,200,000

$814/SF

Building Size

2,700 SF

Asset Type

Mixed-use

Closing

Sep 19, 2024

AI

This mixed-use property, located at 1001 Park Avenue 1N & 2N in the Upper East Side, has a sale price of $2,200,000. The total square footage of the asset is 2,700, yielding a price per square foot of $814.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,200,000
  • Address: 1001 Park Avenue 1N & 2N
  • Market: Upper East Side
  • Buyer: Joshua Garren MD
  • Seller: Rainer Mittl
  • Broker: Adis Kolenovic - Kole Group

Adis Kolenovic has a decade of experience in the real estate industry, having started his career from the bottom using Craigslist. He is available for those looking to buy or sell with a knowledgeable broker.

Players

Adis Kolenovic

Kole Group

Broker

$11.4M

vol

10 deals

Broker

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93