@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
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