Suresh & Wang Acquires Mixed Use Property In Midtown South, Manhattan For $11M
1013 6th Ave, New York, NY 10018, USA
Building Size
54,950 SF
Asset Type
Mixed-use
Closing
Jun 17, 2018
About this deal
AI
A mixed-use property located at 1013 Sixth Avenue in Midtown South, Manhattan has been sold for $11,000,000. The property spans 5,495 square feet and has a price per square foot of $2,001. It has a total building square footage of 20,088 and a price per building square foot of $498. The property consists of 5 units, including 1 retail space and 4 office spaces.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $11,000,000
The seller of the property was William Lee from Do Foo Realty Corp. The buyer of the property was Suresh & [REPRESENTATIVE NAME].
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93