SOLDMixed-use
David Cheng Acquires Mixed Use Property In Fulton/Seaport, Manhattan For $5.8M
17 Ann St, New York, NY 10038, USA
Building Size
5,520 SF
Asset Type
Mixed-use
Closing
Jan 8, 2018
About this deal
AI
The mixed-use property located at 17 Ann Street in New York's Fulton/Seaport market has been sold for a price of $5,800,000. Spanning across 5,520 square feet, the property sold at a price per square foot of $1,051. It comprises a total of 6 units, with each unit valued at $966,000.
Summary of Transaction Details
- Property Type: Mixed Use
- Transaction Amount: $5,800,000
- Address: 17 Ann Street, New York
- Market: Fulton/Seaport, Manhattan
- Square Footage: 5,520 sf
- Price per Square Foot: $1,051
- Units: 6
- Price per Unit: $966,000
The seller of the property is Shao Hong Zheng, while the buyer is David Cheng.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93