Parisi Family Sells Mixed-use Property In NoHo For $4.65M
290 Elizabeth Street, New York, NY 10012
$4,650,000
$696/SF
Building Size
6,678 SF
Asset Type
Mixed-use
Closing
Jul 27, 2020
AI
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.
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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93