Roger Dang Sells Mixed-Use Property On Baxter Street In Little Italy For $4.4M
148 Baxter Street, New York City, New York 10013, United States
$4,400,000
$838/SF
Building Size
5,250 SF
Asset Type
Mixed-use
Closing
Jul 21, 2022
About this deal
AI
Located in the heart of Little Italy, the mixed-use property at 148 Baxter Street recently changed hands in a closed transaction. The property spans 5,250 square feet and was sold for a total price of $4,400,000, resulting in a price per square foot of $838. The sale, which took place on July 22, 2022, marks a significant deal in the neighborhood.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $4,400,000
- Square Footage: 5,250
- Price Per Square Foot: $838
- Market: Little Italy
The seller of the property was Roger Dang, representing his own interests in the transaction. This successful deal showcases the demand and value of mixed-use properties in Little Italy. The transaction highlights the expertise and negotiation skills of Roger Dang as a seller's representative in the market.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93