Jack Haroche, Adam Croman, Jake Croman & Jeremey Tahari Acquire East Harlem Mixed-Use Property For $2.55M From Seller Ron Rettner
1888 Park Avenue
$2,550,000
$393/SF
Building Size
6,480 SF
Asset Type
Mixed-use
Closing
Jul 19, 2022
About this deal
AI
Located in East Harlem, the mixed-use property at 1886-1888 Park Ave. has been sold in a recent transaction. The property spans over 6,480 square feet and features a sale price of $2,550,000, resulting in a price per square foot of $394.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $2,550,000
- Address: 1886-1888 Park Ave.
- Market: East Harlem
The buyers in this transaction are Jack Haroche, Adam Croman, Jake Croman, and Jeremey Tahari. Representing the buyer's side, Aaron Jungries, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group were the brokers involved in the deal. The seller of the property is Ron Rettner.
Players
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93