The Sabet Group Acquires Mixed-Use Property In East Village For $15.8M
SOLD
$15,800,000
New York
See Similar DealsMixed-use15,308 SF
Sold 02/09/2019
SOLD
The Sabet Group Acquires Mixed-Use Property In East Village For $15.8M
24 Avenue A, New York, NY 10009, USA
See Similar DealsMixed-use15,308 SF
Sold 02/09/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,032
Total Square Footage:15,308 SF
Transaction Type:Sale
A mixed-use property located at 24 Avenue A in the East Village has been sold for a total of $15,800,000. The transaction took place on February 9, 2019. The property spans across 15,308 square feet and was sold at a price of $1,032 per square foot.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $15,800,000
- Date: 02/09/2019
- Address: 24 Avenue A
- Market: East Village
- SF: 15,308
- PPSF: $1,032
The seller of the property is Alan Luke, while the buyer is The Sabet Group. The transaction was facilitated by brokers Joseph Smith & George Niblock from Friedman Roth.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$842,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,134.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,900.06
Annual Debt Service$898,800.73
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