Avison Young Brokers Facilitate $3.7M Sale Of Mixed-Use Property In East Village
SOLD
$3,700,000
+ 2
New York
See Similar DealsMixed-use32,130 SF
Sold 10/21/2020
SOLD
Avison Young Brokers Facilitate $3.7M Sale Of Mixed-Use Property In East Village
19 1st Avenue, New York, NY 10003, Estados Unidos
See Similar DealsMixed-use32,130 SF
Sold 10/21/2020
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$115
Total Square Footage:32,130 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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