Jack Haroche, Adam Croman, Jake Croman & Jeremey Tahari Acquire East Harlem Mixed-Use Property For $2.55M From Seller Ron Rettner
SOLD
$2,550,000
+ 5
New York
See Similar DealsMixed-use6,480 SF
Sold 07/19/2022
SOLD
Jack Haroche, Adam Croman, Jake Croman & Jeremey Tahari Acquire East Harlem Mixed-Use Property For $2.55M From Seller Ron Rettner
1888 Park Avenue
See Similar DealsMixed-use6,480 SF
Sold 07/19/2022
+ 5
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$393
Total Square Footage:6,480 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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