Derek Greenbaum & Larry Zombek Acquire Mixed-Use Property In Alphabet City For $3.68M
SOLD
New York
See Similar DealsMixed-use6,929 SF
Sold 11/24/2020
SOLD
Derek Greenbaum & Larry Zombek Acquire Mixed-Use Property In Alphabet City For $3.68M
303 East 4th Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use6,929 SF
Sold 11/24/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$530
Total Square Footage:6,929 SF
Transaction Type:Sale
The mixed-use property located at 303 East 4th Street in Alphabet City has been sold. The property has a total square footage of 6,929 and is zoned as R7A, C2-5. The transaction took place on November 24, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,678,000
- Market: Alphabet City
- Buyer: @DerekGreenbaum & Larry Zombek
- Seller: Meléndez Estate
The buyer of the property is Derek Greenbaum and Larry Zombek. The seller is the Meléndez Estate. The transaction was facilitated by Andrew Natter from @ANatter10 and Harold Fuchs from The Collaborative Group @CGroupNYC.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$196,159.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,067.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,435.60
Annual Debt Service$209,227.16
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