Jim Kam Chu Sells Mixed-Use Property On Audubon Avenue In Washington Heights For $4.1M
SOLD
$4,100,000
New York
See Similar DealsMixed-use20,160 SF
Sold 04/23/2021
SOLD
Jim Kam Chu Sells Mixed-Use Property On Audubon Avenue In Washington Heights For $4.1M
199 Audubon Avenue, Manhattan, New York, NY, USA
See Similar DealsMixed-use20,160 SF
Sold 04/23/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$203
Total Square Footage:20,160 SF
Transaction Type:Sale
A mixed-use property located at 199 Audubon Avenue in Washington Heights was recently sold for $4,100,000. The property spans across 20,160 square feet, resulting in a price per square foot of $203.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,100,000
- Address: 199 Audubon Avenue
- Market: Washington Heights
The seller of this property was Jim Kam Chu. The sale of the property was represented by Matt Fotis and Robert Aaron from TriBorough Multifamily and MarcusMillichap_NY.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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