Partners Path Acquires Mixed-Use Property In New York City For $3.3M
SOLD
$3,300,000
New York
See Similar DealsMixed-use4,900 SF
Sold 05/04/2023
SOLD
Partners Path Acquires Mixed-Use Property In New York City For $3.3M
1711 Grove Street,
See Similar DealsMixed-use4,900 SF
Sold 05/04/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$673
Total Square Footage:4,900 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
Is there something missing? Send suggestions