SOLDMixed-use
Parke Leatherman Of Lockhill Properties Purchases Mixed-Use Asset From Ryco Capital For $20.35M
145 2nd Avenue
$20,350,000
$798/SF
Building Size
25,500 SF
Asset Type
Mixed-use
Closing
Jun 10, 2025
About this deal
AI
The mixed-use property located at 145 2nd Avenue in the East Village has a sale price of $20,350,000. The asset encompasses a total square footage of 25,500, which translates to a price per square foot of $798.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $20,350,000
- Address: 145 2nd Avenue
- Market: East Village
- Buyer: Parke Leatherman - Lockhill Properties
- Seller: Ryco Capital
- Square Footage: 25,500
- Price per Square Foot: $798
Parke Leatherman represents Lockhill Properties in this transaction, while Ryco Capital is the selling entity involved in this 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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93