Partners Path Acquires Mixed-Use Property In New York City For $3.3M
1711 Grove Street,
$3,300,000
$673/SF
Building Size
4,900 SF
Asset Type
Mixed-use
Closing
May 4, 2023
About this deal
AI
Located at 1711 Grove Street, this mixed-use property in New York City recently sold for $3,300,000. Spanning across 4,900 square feet, the property offers a price per square foot of $673. This transaction was completed on 05/04/2023.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $3,300,000
- Square Footage: 4,900
- Price per Square Foot: $673
- Market: New York City
Partners Path, represented by Alex Lebowitz, acquired this property from Sinai Sassouni. Marcel Fridman, from Barcel Group, served as the broker in this deal.
On the Map
$3,300,000
$673/SF
Mixed-use
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Players
Market 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93