Brandon Polakoff Of Avison Young Represents Seth Tapper In $20.75M Sale Of Mixed-Use Property On Avenue A In East Village
109 Avenue A, New York, NY 10009, USA
$20,750,000
$125/SF
Building Size
165,810 SF
Asset Type
Mixed-use
Closing
Feb 27, 2020
About this deal
AI
A mixed-use property located at 109 Avenue A in the East Village has been sold for a total of $20,750,000. The property spans across 16,581 square feet, resulting in a price per square foot of $1,251.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $20,750,000
- Square Footage: 16,581
- Price per Square Foot: $1,251
- Address: 109 Avenue A
- Market: East Village
The seller of the property is Seth Tapper. The transaction was facilitated by Brandon Polakoff from Avison Young.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93