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592-598 9th Avenue, Hell's ...

@HUBBNYC Acquires Mixed-Use Property In Hell's Kitchen From The Brodsky Org
SOLDMixed-use

@HUBBNYC Acquires Mixed-Use Property In Hell's Kitchen From The Brodsky Org

592-598 9th Avenue, Hell's Kitchen, New York, NY, USA

$17,000,000

$952/SF

Building Size

17,858 SF

Asset Type

Mixed-use

Closing

Mar 12, 2019

AI

The mixed-use property located at 592-598 Ninth Ave in Hell's Kitchen has been sold for a total price of $17 million. The transaction took place on March 13, 2019, with a total area of 17,858 square feet. This translates to a price per square foot of $951.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $17 million
  • Address: 592-598 Ninth Ave
  • Market: Hell's Kitchen

The buyer of the property is @HUBBNYC, while the seller is The Brodsky Org. The transaction was facilitated by Lexi Kaplan and Ivan Hakimian, representing @HPNY_.

Players

Ivan Hakimian

HPNY

Broker

$132.6M

vol

8 deals

Broker
HUBB NYC
HUBB NYCBuyer

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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93