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:
- Property Type: Mixed-use
- Transaction Amount: $6,575,000
- Square Feet: 65,706
- Price per Square Foot: $100
- Units: 77
- Price per Unit: $85,390
- Market: Central Harlem
- Seller's Brokers: Victor Sozio, Alix Curtin, Remi Mandell, Jake Brody - Ariel Property Advisors
- Buyer's Brokers: Amit Doshi & Shallini Mehra - Meridian Capital Group
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
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