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Mixed Use

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2500 Amsterdam Avenue

Updated Sep 5, 2024

Cushman & Wakefield Brokers Sell Mixed-Use Property In New York City For $1.5M
SOLDMixed-use

Cushman & Wakefield Brokers Sell Mixed-Use Property In New York City For $1.5M

2500 Amsterdam Avenue

$1,500,000

$267/SF

Building Size

5,610 SF

Asset Type

Mixed-use

Closing

Apr 26, 2023

About this deal

AI

A mixed-use property located at 2500 Amsterdam Avenue in New York City has been sold. The transaction was handled by brokers from Cushman & Wakefield, namely Ian Brooks, Robert Shapiro, and Jordan Sutton. The property, spanning 5,610 square feet, was sold for a price of $1,500,000, resulting in a price per square foot of $267.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,500,000
  • Address: 2500 Amsterdam Avenue
  • Market: New York City
  • BROKERS: Ian Brooks, Robert Shapiro & Jordan Sutton - Cushman & Wakefield
  • Square Footage: 5,610
  • Price per Square Foot: $267

The sale of this mixed-use property was facilitated by the team at Cushman & Wakefield, led by brokers Ian Brooks, Robert Shapiro, and Jordan Sutton. They played a significant role in representing the buyer and/or seller and successfully closing the deal. This transaction highlights their expertise in the New York City market and their ability to navigate complex transactions.

Players

Jordan Sutton

JGS Realty GRP LLC

Broker

$246.4M

vol

33 deals

Broker

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $267 per square foot on a published $1.5M for 5,610 square feet (2023).

Visit Robert (Rob) Shapiro to view all their deals.

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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