Highpoint Property Group Acquires Mixed-use Building On Avenue A In Manhattan For $6.75M
202 Avenue A, New York, NY 10009, USA
Building Size
5,399 SF
Asset Type
Mixed-use
Closing
Dec 5, 2017
AI
A mixed-use building located at 202 Avenue A in New York City's Manhattan market has been sold in a closed transaction. The property, spanning 5,399 square feet, was sold for a price of $6,750,000. This translates to a price per square foot of $1,250.
Summary of transaction details
- Property Type: Mixed-use Building
- Transaction Amount: $6,750,000
- Address: 202 Avenue A, New York
- Market: Manhattan
The seller of the property was Christine Sweeters, while the buyer was Highpoint Property Group. Sean Lefkovits from HPNY represented Highpoint Property Group as their broker in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93