William J. Segal Acquires Mixed Use Property In Kips Bay, New York For $5.85M
237 E 31st St, New York, NY 10016, USA
$5,850,000
$62/SF
Building Size
94,400 SF
Asset Type
Mixed-use
Closing
Oct 4, 2018
About this deal
AI
The mixed-use property located at 237 East 31st Street in Kips Bay, New York, has been sold in a closed transaction for a sale price of $5,850,000. The property spans over 9,440 square feet, resulting in a price per square foot of $619.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $5,850,000
- Address: 237 East 31st Street, Kips Bay, New York
- Market: Kips Bay
Gus Terrani served as the seller of the property, while William J. Segal took on the role of the buyer. Both parties were represented by Jonathan Movtady, Esq. of 3JM Realty, LLC.
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
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93