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2280 7th Ave, New York, NY ...

ACP Realty Partners Acquires Mixed-Use Property In Upper Manhattan For $3.05M
SOLDMixed-use

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

Aaron Migdol

Broker

$285.1M

vol

2 deals

Broker
George Comfort & Sons
George Comfort & SonsBuyer

Watervliet Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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