Joshua Garren MD Acquires Mixed-Use Property At 1001 Park Avenue From Rainer Mittl For $2.2M
SOLD
$2,200,000
New York
See Similar DealsMixed-use2,700 SF
Sold 09/19/2024
SOLD
Joshua Garren MD Acquires Mixed-Use Property At 1001 Park Avenue From Rainer Mittl For $2.2M
1001 Park Avenue
See Similar DealsMixed-use2,700 SF
Sold 09/19/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$814
Total Square Footage:2,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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