Avison Young Brokers Facilitate $3.7M Sale Of Mixed-Use Property In East Village
19 1st Avenue, New York, NY 10003, Estados Unidos
$3,700,000
$115/SF
Building Size
32,130 SF
Asset Type
Mixed-use
Closing
Oct 20, 2020
AI
A mixed-use property located at 19 1st Avenue in the East Village has been sold for a total price of $3,700,000. The property spans a total area of 3,213 square feet, resulting in a price per square foot of $1,151.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,700,000
- Address: 19 1st Avenue
- Market: East Village
The seller of the property was Peter Paans. The deal was facilitated by a team of brokers from Avison Young, including Brandon Polakoff, James Nelson, David Shalom, Jeremy Stenberg, and Alexandra Marolda.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93