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226 W 79th St, Manhattan, N...

Hildreth Real Estate Advisors Acquires Mixed-Use Building On Upper West Side For $5.1M
SOLDMixed-use

Hildreth Real Estate Advisors Acquires Mixed-Use Building On Upper West Side For $5.1M

226 W 79th St, Manhattan, New York, NY, USA

$5,100,000

$864/SF

Building Size

5,900 SF

Asset Type

Mixed-use

Closing

Nov 16, 2021

AI

Hildreth Real Estate Advisors (HREA) has acquired a mixed-use property located at 226 W. 79th St. in the Upper West Side of Manhattan. The fully free market building was sold by John LaGreco for a total sale price of $5,100,000. The property spans 5,900 square feet and was sold at a price per square foot of $864.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,100,000
  • Address: 226 W. 79th St.
  • Market: Upper West Side

HREA, represented by David Shorenstein, Jason Breitstone, Max Padway, and Ethan Frank, completed the acquisition of this prime Upper West Side property. HREA is actively seeking new investment opportunities and has the capability to close deals with all-cash by the end of the year.

From @Hildreth.Advisors: HREA purchased the building for $864 per square foot, showcasing their confidence in the potential of this sought-after location in the Upper West Side.

Players

David Shorenstein

Hildreth Real Estate Advisors

Buyer

$187.3M

vol

60 deals

Buyer

John LaGreco

Seller

$10.2M

vol

2 deals

Seller

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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93