Parisi Family Sells Mixed-use Property In NoHo For $4.65M
SOLD
New York
See Similar DealsMixed-use6,678 SF
Sold 07/27/2020
SOLD
Parisi Family Sells Mixed-use Property In NoHo For $4.65M
290 Elizabeth Street, New York, NY 10012
See Similar DealsMixed-use6,678 SF
Sold 07/27/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$696
Total Square Footage:6,678 SF
Transaction Type:Sale
The mixed-use property located at 290 Elizabeth Street in NoHo has been sold in a recent transaction. The property was sold by The Parisi Family for a sale price of $4,650,000. The property consists of 7 units with a total area of 6,678 square feet. The price per unit was calculated at $664,286, while the price per square foot was $696.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,650,000
- Units: 7
- Price per Unit: $664,286
- Total Area: 6,678 square feet
- Price per Square Foot: $696
The deal was facilitated by brokers Joe Koicim, Peter Von Der Ahe, and Peter Dodge from Marcus & Millichap NY.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,520.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,043.37
Annual Debt Service$264,520.47
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