facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

245 E 55th St, New York, NY...

Lori Buchbinder's Buchbinder And Warren Realty Group Acquires 245 East 55th Street Mixed-Use Property In Manhattan For $19.5M
SOLDMixed-use

Lori Buchbinder's Buchbinder And Warren Realty Group Acquires 245 East 55th Street Mixed-Use Property In Manhattan For $19.5M

245 E 55th St, New York, NY 10022, USA & 245 E 55th St, New York, NY 10022, USA

Building Size

94,226 SF

Asset Type

Mixed-use

Closing

Apr 24, 2018

AI

The mixed-use property located at 245 East 55th Street in Manhattan has been sold for a total price of $19,500,000. The property spans a total of 8,566 square feet, with 34,140 square feet of buildable space at a price per buildable square foot of $571. The property consists of 13 units, including 12 apartments and a commercial space.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $19,500,000
  • Square Footage: 8,566 total, 34,140 buildable
  • Price per Buildable Square Foot: $571
  • Units: 12 apartments and 1 commercial space

The seller of the property is Aintree Realty, while the buyer is Buchbinder and Warren Realty Group represented by Lori Buchbinder. The transaction was completed on April 25, 2018. It is worth mentioning that Lori Buchbinder also owns additional properties.

Players

Lori Buchbinder

Buchbinder and Warren Realty Group

Buyer

2 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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