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270 Saint Nicholas Avenue

Mixed-use Property At 270 Saint Nicholas Avenue Sold For $6.575M With Brokers Victor Sozio And Amit Doshi
SOLDMixed-use

Mixed-use Property At 270 Saint Nicholas Avenue Sold For $6.575M With Brokers Victor Sozio And Amit Doshi

270 Saint Nicholas Avenue

$6,575,000

$100/SF

Building Size

65,706 SF

Asset Type

Mixed-use

Closing

Dec 19, 2024

AI

The property located at 270 Saint Nicholas Avenue is a mixed-use asset situated in Central Harlem. This transaction was finalized at a sale price of $6,575,000, covering a total area of 65,706 square feet. The asset comprises 77 units, bringing the price per square foot to $100 and price per unit to $85,390.

Summary of transaction details:

The transaction involved key representatives from two brokerage firms. The seller was represented by Victor Sozio, Alix Curtin, Remi Mandell, and Jake Brody from Ariel Property Advisors. On the buyer's side, Amit Doshi and Shallini Mehra from Meridian Capital Group facilitated the deal.

Players

Alix Curtin

NorthMarq

Broker

$54M

vol

11 deals

Broker

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

2.41%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93