A Mixed-Use Property On Lower East Side Sold For $4.5M
177 Chrystie Street
$4,500,000
$330/SF
Building Size
13,635 SF
Asset Type
Mixed-use
Closing
Apr 9, 2024
AI
The property asset involved in this transaction is a mixed-use building located at 177 Chrystie Street in the Lower East Side market. The sale price for the property was $4,500,000. It encompasses a total square footage of 13,635 with a price per square foot of $330.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Square Footage: 13,635
- Price per Square Foot: $330
- Seller: Sam Chien
- Buyer's Representative: Brandon Polakoff - Avison Young
- Seller's Representative: Robert Aaron - Horvath & Tremblay
This transaction involved key individuals including the seller, Sam Chien, and the buyer's representative, Brandon Polakoff from Avison Young, along with the seller's representative, Robert Aaron from Horvath & Tremblay. Their participation indicates a structured approach to the deal, ensuring both parties were effectively represented in the transaction.
Players
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93