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1711 Grove Street,

Partners Path Acquires Mixed-Use Property In New York City For $3.3M
SOLDMixed-use

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

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.

Players

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker
Alex Lebowitz

Alex Lebowitz

Partners Path

Buyer

$42.9M

vol

11 deals

Buyer

Sinai Sassouni

Seller

$15.4M

vol

7 deals

Seller

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