Hildreth Real Estate Advisors Acquires Mixed-Use Building On Upper West Side For $5.1M
SOLD
$5,100,000
+ 2
New York
See Similar DealsMixed-use5,900 SF
Sold 11/16/2021
SOLD
Hildreth Real Estate Advisors Acquires Mixed-Use Building On Upper West Side For $5.1M
226 W 79th St, Manhattan, New York, NY, USA
See Similar DealsMixed-use5,900 SF
Sold 11/16/2021
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$864
Total Square Footage:5,900 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
Is there something missing? Send suggestions