Mennonite United Revival Church, Inc. Sells Mixed-Use Asset In New York For $2.475M
169 Knickerbocker Ave
$2,475,000
$430/SF
Building Size
5,750 SF
Asset Type
Mixed-use
Closing
Aug 23, 2024
AI
The mixed-use property located at 169 Knickerbocker Ave in the New York market has a square footage of 5,750 and was sold for $2,475,000.00 on August 23, 2024. The transaction involved the Mennonite United Revival Church, Inc as the seller.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,475,000.00
- Address: 169 Knickerbocker Ave
- Market: New York
- Square Footage: 5750.0
- Seller: Mennonite United Revival Church, Inc
Representing the seller in this transaction were brokers Josh Lipton and Andrew Levine, both associated with Invictus. Their role was crucial in facilitating the sale of the property.
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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93