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169 Knickerbocker Ave

Mennonite United Revival Church, Inc. Sells Mixed-Use Asset In New York For $2.475M
SOLDMixed-use

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

Andrew Levine

Invictus Property Advisors

Broker

$453.3M

vol

67 deals

Broker
MI
MENNONITE UNITED REVIVAL CHURCH, INCSeller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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