Xavier Jimenez Acquires Harlem Mixed-Use Building On Amsterdam Avenue For $3.05M
SOLD
$3,050,000
New York
See Similar DealsMixed-use4,800 SF
Sold 08/21/2018
SOLD
Xavier Jimenez Acquires Harlem Mixed-Use Building On Amsterdam Avenue For $3.05M
1848 Amsterdam Ave, New York, NY 10031, USA
See Similar DealsMixed-use4,800 SF
Sold 08/21/2018
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$635
Total Square Footage:4,800 SF
Transaction Type:Sale
A fully free market mixed-use walk-up building located at 1848 Amsterdam Avenue in Harlem, New York has recently been sold for a price of $3,050,000. The property spans across 4,800 square feet, resulting in a price per square foot of $635. The transaction was completed at a capitalization rate of 4.4%.
Summary of transaction details:
- Property Type: Fully Free Market Mixed-Use Walk-Up Building
- Transaction Amount: $3,050,000
- Square Footage: 4,800 SF
- Price per Square Foot: $635/SF
- Capitalization Rate: 4.4%
The seller of the property was Phil Katz, while the buyer was Xavier Jimenez. The transaction was facilitated by real estate brokers Josh Lipton and Andrew Levine, who represented the respective parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67
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