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
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