ACP Realty Partners Acquires Mixed-Use Property In Upper Manhattan For $3.05M
2280 7th Ave, New York, NY 10036, USA
$3,050,000
$508/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Jun 17, 2018
AI
The property located at 2280 7th Avenue was sold for $3,050,000. It is a mixed-use property with a total square footage of 6,000. The price per square foot is $508. The address is situated between 134th and 7th Avenue.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,050,000
- Total Square Footage: 6,000
- Price per Square Foot: $508
- Seller: Anil Aggar
- Buyer: ACP Realty Partners - Ben Cohenmehr, George and Morad Aryeh
- Buyer's Acquisition Criteria: Mixed use/multi-family or townhouses in the range of $1-20M, primarily in upper Manhattan and East/West Harlem
- Broker: Aaron Migdol
The transaction was facilitated by Aaron Migdol from ACP Realty Partners, representing the buyer, ACP Realty Partners. The buyer, ACP Realty Partners, is specifically looking for mixed-use properties, multi-family buildings, or townhouses in upper Manhattan and East/West Harlem, with a budget range of $1-20M. The seller, Anil Aggar, successfully sold the property for the agreed amount.
Players
Watervliet 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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93