SOLDMixed-use
Z&G Property Group Acquires Mixed Use Rental Property In Manhattan For $4.3M
15 Avenue A, New York, NY 10009, USA
Building Size
5,400 SF
Asset Type
Mixed-use
Closing
Jan 17, 2018
About this deal
AI
A mixed-use rental property located at 15 Avenue A in Manhattan, New York, was recently sold for a price of $4,300,000. The property spans 5,400 square feet and has a price per square foot of $796.
Summary of transaction details
- Property Type: Mixed Use Rental Property
- Transaction Amount: $4,300,000
- Address: 15 Avenue A, New York
- Market: Manhattan
- Square Footage: 5,400 sf
- Price Per Square Foot: $796
The seller of the property was Bruce Saber, while the buyer was Z+G Property Group represented by Jay Greenberg and Dan Zuckerman.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93