Sells Mixed-Use Property On 7th Avenue In New York City For $21.5M With Meridian Capital Group As Brokers
115 7th Avenue South
$21,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 22, 2023
About this deal
AI
115 7th Avenue, a mixed-use property in New York City, was recently sold for $21,500,000. The transaction was handled by the Meridian Capital Group, with brokers including David Schechtman, Abie Kassin, Lipa Lieberman, and Brian Gladstone representing the seller, .
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $21,500,000
- Address: 115 7th Avenue, New York City
- Market: New York City
The sale of 115 7th Avenue showcases the expertise and negotiation skills of the Meridian Capital Group. With a strong buyer-seller representation, including David Schechtman and his team, this transaction emphasizes the robust real estate market in New York City.
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93