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

Property Image
SOLD
$6,575,000
Amit Doshi
Alix Curtin
+ 3

New York

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Mixed-use65,706 SF
Sold 12/19/2024
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Property Image
SOLD

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

270 Saint Nicholas Avenue

See Similar Deals
Mixed-use65,706 SF
Sold 12/19/2024
Amit Doshi
Alix Curtin
+ 3
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$100
Total Square Footage:65,706 SF
Transaction Type:Sale

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
11 deals$54M volume(339) 222-5410
BROKER

Shallini Mehra
Meridian Capital Group
78 deals$1.1B volume
BROKER

Victor Sozio
Ariel Property Advisors
111 deals$2.3B volume
BROKER

Amit Doshi
Meridian Capital Group
87 deals$1.3B volume
BROKER

Remi Mandell
Ariel Property Advisors
16 deals$514.6M volume
BROKER

Jake Brody
Ariel Property Advisors
12 deals$198M volume(212) 544-9500
BROKER

Details

SOLD
IMAGE: Victor Sozio, Alix Curtin, Remi Mandell, Jake Brody, Amit Doshi & Shallini Mehra DATE: 12/19/2024 ADDRESS: 270 Saint Nicholas Avenue MARKET: Central Harlem ASSET TYPE: Mixed-use SELLER'S BROKERS: Victor Sozio, Alix Curtin, Remi Mandell, Jake Brody - Ariel Property Advisors (@ArielPA.NYC) BUYER'S BROKERS: Amit Doshi & Shallini Mehra - Meridian Capital Group SALE PRICE: $6,575,000 SF: 65,706 ~ PPSF: $100 UNITS: 77 ~ PPU: $85,390

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$23,359.58
Cash-on-Cash Return-1.27%
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