Victor Sozio, Orry Michael, Adam Mermelstein, And Azi Mandel Acquire Mixed-Use Properties In Central Harlem For $16.4M
2273 Adam Clayton Powell Jr Blvd, New York, NY 10030, USA
$16,400,000
$349/SF
Building Size
46,945 SF
Asset Type
Mixed-use
Closing
Mar 13, 2018
About this deal
AI
The mixed-use property located at 2261, 2267, 2269, and 2273 Adam Clayton Powell Boulevard and 2265 Adam Clayton Powell Jr. Boulevard in New York's Central Harlem neighborhood has been sold. The transaction closed on March 14, 2018. The property consists of four walk-up buildings and a vacant lot.
Summary of transaction details
- Property Type: Mixed-Use and Vacant
- Transaction Amount: $16,400,000
- Total Square Footage: 46,945
The deal was facilitated by the following individuals: Victor Sozio, Orry Michael, Adam Mermelstein, and Azi Mandel. These individuals represented the respective parties involved in the transaction.
On the Map
$16,400,000
$349/SF
Mixed-use
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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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93