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
Market 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93