Meridian Capital Group Represents $6.5M Sale Of Mixed-Use Property In Washington Heights
1344 Saint Nicholas Avenue
$6,500,000
$147/SF
Building Size
44,217 SF
Asset Type
Mixed-use
Closing
Mar 27, 2023
About this deal
AI
A mixed-use property located at 1344, 1348, and 1352 St Nicholas Avenue in Washington Heights has recently been sold for a price of $6,500,000. The property spans a total area of 44,217 square feet, resulting in a price per square foot of $147. This transaction took place on 03/27/2023.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $6,500,000
- Address: 1344, 1348 & 1352 St Nicholas Avenue
- Market: Washington Heights
- SF: 44,217
- PPSF: $147
The sale of this mixed-use property was facilitated by Amit Doshi and Shallini Mehra from Meridian Capital Group, who represented the parties involved in the transaction.
Players
Avenue 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93