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244 Amsterdam Ave, New York...

Tsukaki Co.,Ltd Acquires Mixed-use Building In Manhattan For $11.7M
SOLDMixed-use

Tsukaki Co.,Ltd Acquires Mixed-use Building In Manhattan For $11.7M

244 Amsterdam Ave, New York, NY 10023, USA

Building Size

6,399 SF

Asset Type

Mixed-use

Closing

Oct 18, 2017

AI

The asset involved in this transaction is a fully renovated mixed-use building located at 244 10th Avenue, New York, within the Manhattan market. The property was sold for $11,700,000 and encompasses a total area of 6,399 square feet, resulting in a price per square foot of $1,828.

Summary of transaction details:

  • Property Type: Mixed-use Building
  • Transaction Amount: $11,700,000
  • Square Footage: 6,399
  • Price per Square Foot: $1,828
  • Address: 244 10th Avenue
  • City: New York
  • Market: Manhattan
  • Seller: @IconRealty @terrencelowenberg
  • Buyer: Tsukaki Co.,Ltd
  • Broker: Sean Lefkovits @4lefko & John Florek @sognostudio of @ivanhakimian’s HPNY @hpny_

The key individuals involved in the transaction include Terrence Lowenberg representing the seller, Icon Realty, and Tsukaki Co., Ltd as the buyer. The brokerage team comprised Sean Lefkovits and John Florek, who acted on behalf of the parties involved in the deal.

Players

John Florek

Fairview Property Group

Broker

$264.7M

vol

13 deals

Broker
Terrence Lowenberg

Terrence Lowenberg

Icon Realty Management

Seller

$301.7M

vol

16 deals

Seller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93