Parke Leatherman Of Lockhill Properties Purchases Mixed-Use Asset From Ryco Capital For $20.35M
SOLD
$20,350,000
New York
See Similar DealsMixed-use25,500 SF
Sold 06/11/2025
SOLD
Parke Leatherman Of Lockhill Properties Purchases Mixed-Use Asset From Ryco Capital For $20.35M
145 2nd Avenue
See Similar DealsMixed-use25,500 SF
Sold 06/11/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$798
Total Square Footage:25,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,085,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$72,299.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$96,469.38
Annual Debt Service$1,157,632.59
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