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133 W 3rd St, New York, NY ...

133 6th McDougal LLC Acquires Mixed Use Property In Manhattan For $8.85M
SOLDMixed-use

133 6th McDougal LLC Acquires Mixed Use Property In Manhattan For $8.85M

133 W 3rd St, New York, NY 10012, USA

Building Size

6,158 SF

Asset Type

Mixed-use

Closing

Nov 28, 2020

AI

The mixed-use property located at 133 West 3rd St in Manhattan has been sold for a price of $8,850,000. The property spans across 6,158 square feet and has a price per square foot of $1,437.

Summary of transaction details

  • Property Type: Mixed Use
  • Transaction Amount: $8,850,000
  • Size: 6,158 square feet
  • Price Per Square Foot: $1,437
  • Address: 133 West 3rd St, New York
  • Market: Manhattan

The seller of the property is Joseph Mendler, who recently also sold 12 Perry Street to Nader OhebShalom in July for $25 million. The buyer of 133 West 3rd St is 133 6th Mcdougal LLC. Scott Schwartz, representing the buyer, served as the buyer's representative in the deal.

Players

Scott Schwartz

Broker

$3.7M

vol

2 deals

Broker

Nader Ohebshalom

Gatsby Enterprises

Seller

$380.5M

vol

8 deals

Seller

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