Investment Property Realty Group Represents Sale Of 15 Eldridge Street Mixed-Use Property For $2.3M
SOLD
New York
See Similar DealsMixed-use11,370 SF
Sold
SOLD
Investment Property Realty Group Represents Sale Of 15 Eldridge Street Mixed-Use Property For $2.3M
15 Eldridge Street
See Similar DealsMixed-use11,370 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$202
Total Square Footage:11370 SF
Transaction Type:Sale
This mixed-use property located at 15 Eldridge Street in the Chinatown market consists of 20 apartments and 2 stores. The asset was sold for $2,300,000, encompassing a total of 11,370 square feet, resulting in a price per unit of $104,545 and a price per square foot of $202.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,300,000
- Units: 22
- Square Footage: 11,370
- Price Per Unit: $104,545
- Price Per Square Foot: $202
- Broker Representatives: Zachary Ziskin, Adam Lobel, Justin Zeitchik, Christian Ingenito, Brokers on Bikes - Investment Property Realty Group (IPRG)
The transaction involved the collaboration of Brokers on Bikes, represented by Zachary Ziskin, Adam Lobel, Justin Zeitchik, and Christian Ingenito, facilitating the sale of the property in the Chinatown market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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