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Pasquale DeBenedictis Acquires Mixed-Use Building In East Village Manhattan For $7.3M
SOLD
$7,300,000
New York
See Similar DealsMixed-use
Sold 05/05/2023
SOLD
Pasquale DeBenedictis Acquires Mixed-Use Building In East Village Manhattan For $7.3M
15 Avenue A New York, NY 10009, USA
See Similar DealsMixed-use
Sold 05/05/2023
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale
Pasquale DeBenedictis, through 15 A Acquisition II LLC, has purchased a mixed-use building located at 15 Avenue A in the East Village of Manhattan. The five-unit property was sold by Z+G Property Group, represented by Daniel Zuckerman, through ZG Avenue A LLC, for a total price of $7.3 million.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $7,300,000
- Address: 15 Avenue A
- Market: East Village, Manhattan
Pasquale DeBenedictis, operating through 15 A Acquisition II LLC, has acquired a five-unit mixed-use building located at 15 Avenue A in the East Village of Manhattan. The property was purchased from Z+G Property Group, represented by Daniel Zuckerman, through ZG Avenue A LLC, for a total price of $7.3 million.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$389,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69
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