Adam Mahfouda Acquires Mixed-Use Property On Upper West Side From Sean Carrington
250 W 73rd St, New York, NY 10023, USA
$4,000,000
$81/SF
Building Size
49,240 SF
Asset Type
Mixed-use
Closing
Aug 30, 2020
About this deal
AI
The mixed-use property located at 250 West 73 Street in the Upper West Side has been sold. The last sale of the property took place on December 20, 2017. The property comprises a total of 4,924 square feet and has a building square footage (BSF) of 7,906, resulting in a price per square foot (PPSF) of $812. The property is zoned as R8B and consists of 4 units. The lot size is 19.33 feet by 102.17 feet. The transaction occurred on August 31, 2020, with a sale price of $4,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,000,000
- Last Sale Date: December 20, 2017
- Address: 250 West 73 Street
- Market: Upper West Side
- Building Square Footage (BSF): 7,906
- Price per Building Square Foot (PPBSF): $505
- Square Footage (SF): 4,924
- Price per Square Foot (PPSF): $812
- Zoning: R8B
- Units: 4
- Lot Size: 19.33 ft x 102.17 ft
The buyer of the property is Adam Mahfouda, while the seller is Sean Carrington.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93