Xavier Jimenez Acquires Harlem Mixed-Use Building On Amsterdam Avenue For $3.05M
1848 Amsterdam Ave, New York, NY 10031, USA
$3,050,000
$635/SF
Building Size
4,800 SF
Asset Type
Mixed-use
Closing
Aug 20, 2018
About this deal
AI
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.
On the Map
$3,050,000
$635/SF
Mixed-use
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New York 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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93