SDG - Management Darin S Goldstein Acquires Mixed-use Property In Washington Heights For $7.7M
1509 St Nicholas Ave, Manhattan, New York, NY, USA
$7,700,000
$164/SF
Building Size
46,900 SF
Asset Type
Mixed-use
Closing
Dec 20, 2020
About this deal
AI
The mixed-use property located at 1509 St Nicholas Avenue in Washington Heights was recently sold in a closed transaction. The property is zoned as R7-2 and C1-4, allowing for a variety of uses. The sale took place on December 21, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,700,000
- Address: 1509 St Nicholas Avenue
- Market: Washington Heights
- Square Footage: 46,900 SF
- Price per Square Foot: $164
The buyer of the property was SDG - Management, represented by Darin S Goldstein. The seller in the transaction was Mitchell Hirter.
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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93