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