JLL Sells Mixed-Use Property On Upper West Side For $7.5M
150 Manhattan Avenue, Brooklyn, New York 11206, United States
$3,800,000
$336/SF
Building Size
11,305 SF
Asset Type
Mixed-use
Closing
Oct 14, 2021
About this deal
AI
Located at 150 Manhattan Avenue in the Upper West Side, this mixed-use property was recently sold for $7,500,000. Spanning a total of 11,305 square feet, the property offers a price per square foot of $663. The transaction took place on April 12, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,500,000
- Square Footage: 11,305
- Price Per Square Foot: $663
- Address: 150 Manhattan Avenue
- Market: Upper West Side
The sale was facilitated by JLL, with Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin, and Braedon Gait serving as the seller's representatives. Their expertise and negotiation skills played a crucial role in the successful completion of the deal.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93