Greenwich Village Capital Acquires Mixed Use Property In Chelsea For $7.6M
242 10th Avenue, New York, NY, USA
$7,600,000
$1,352/SF
Building Size
5,620 SF
Asset Type
Mixed-use
Closing
Apr 16, 2019
AI
The mixed-use property located at 242 Tenth Ave in the Chelsea market has been sold for $7.6 million. The property spans across 5,620 square feet, resulting in a price per square foot of $1,352. The transaction took place on April 17, 2019.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $7.6M
- Address: 242 Tenth Ave
- Market: Chelsea
The buyer of the property is Greenwich Village Capital, represented by Jeff Bogino. The seller in this transaction was Ralf Kuettel. The deal was facilitated by brokers Brock Emmetsberger, Danny Mankovsky, and Ryan Kossoy.
Players
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93