Nandansons International Inc. Acquires Mix-Use Property For $21M On 5th Avenue
224 5th Ave, New York, NY 10001, USA
Building Size
13,517 SF
Asset Type
Mixed-use
Closing
Dec 18, 2017
About this deal
AI
The mixed-use property located at 224 5th Avenue in New York City has been sold for a price of $21,000,000. The property spans a total area of 13,517 square feet, resulting in a price per square foot of $1,553. The transaction took place in the Manhattan market.
Summary of transation details
- Property Type: Mix – use
- Transaction Amount: $21,000,000
- Address: 224 5th Avenue
- City: New York
- Market: Manhattan
Atlas Partners, represented by Arvind Chary, acted as the seller in this deal. On the other hand, Nandansons International Inc., represented by Ankit Gupta, emerged as the buyer.
On the Map
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse New York mixed use sales on Traded.
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