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143 West 72nd Street, New Y...

LABQ Diagnostics Acquires Mixed-Use Property On Upper West Side For $5.8M
SOLDMixed-use

LABQ Diagnostics Acquires Mixed-Use Property On Upper West Side For $5.8M

143 West 72nd Street, New York City, New York 10023, United States

$5,800,018

$1,010/SF

Building Size

5,740 SF

Asset Type

Mixed-use

Closing

Jun 2, 2022

AI

A mixed-use property located at 143 West 72nd Street in the Upper West Side of New York City has been sold for a total of $5,800,018. The property spans 5,740 square feet, resulting in a price per square foot of $1,010. The transaction took place on 06/03/2022 between the buyer, LABQ Diagnostics, and the seller, Robert Kremer.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $5,800,018
  • Address: 143 West 72nd Street, Upper West Side
  • Square Footage: 5,740
  • Price per Square Foot: $1,010

LABQ Diagnostics acquired the property from Robert Kremer. The sale represents an important transaction in the local real estate market, demonstrating the demand for mixed-use properties in the Upper West Side. Both parties were represented by their respective brokers in the deal.

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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93