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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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