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
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