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1356 St Nicholas Ave #1358,...

Zhi Lin Acquires Mixed-use Property In Manhattan For $7.3M
SOLDMixed-use

Zhi Lin Acquires Mixed-use Property In Manhattan For $7.3M

1356 St Nicholas Ave #1358, New York, NY 10033, USA

Building Size

14,809 SF

Asset Type

Mixed-use

Closing

Dec 28, 2017

AI

Located at 1356-1358 St Nicholas Avenue in New York City's Manhattan market, this mixed-use property was recently closed in a transaction worth $7,300,000. Spanning across 14,809 square feet, the property is valued at approximately $493 per square foot. The transaction involved the sale of 16 units at an average price of $456,000 per unit.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $7,300,000
  • Size: 14,809 square feet
  • Price Per Square Foot: $493
  • Number of Units: 16
  • Price Per Unit: $456,000

The seller for this transaction was Jeffrey Zwick & Associates, while the buyer was Zhi Lin.

Players

Jeffrey Zwick

Seller

$11.2M

vol

3 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