Pasquale DeBenedictis Acquires Mixed-Use Building In East Village Manhattan For $7.3M
15 Avenue A New York, NY 10009, USA
$7,300,000
Units
5
Asset Type
Mixed-use
Closing
May 5, 2023
About this deal
AI
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.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93