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24 Beaver Street, New York ...

Helen Kang Acquires Mixed-use Property On Beaver St. For $3.65M
SOLDMixed-use

Helen Kang Acquires Mixed-use Property On Beaver St. For $3.65M

24 Beaver Street, New York City, New York 10004, United States

$3,650,000

$723/SF

Building Size

5,046 SF

Asset Type

Mixed-use

Closing

Mar 24, 2022

AI

Located in the Financial District, the mixed-use property at 24 Beaver St. was recently sold for a total of $3,650,000. The transaction took place on 03/25/2022 and involved a total area of 5,046 square feet. The sale price per square foot was $723. The buyer of the property was Helen Kang, while Emanuel Levy acted as the seller.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,650,000
  • Square Footage: 5,046
  • Price per Square Foot: $723
  • Address: 24 Beaver St.
  • Market: Financial District

Maurice Suede & Daniel Soyak from Cushman & Wakefield represented both parties in the transaction as the brokers.

Players

Dan Soyak

Cushman & Wakefield

Broker

$115.8M

vol

14 deals

Broker

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

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93