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34 Avenue a

AAJ Developers Acquires Mixed-Use Building From Lee Family For $4.8 Million In East Village
SOLDMixed-use

AAJ Developers Acquires Mixed-Use Building From Lee Family For $4.8 Million In East Village

34 Avenue a

$4,800,000

$768/SF

Building Size

6,248 SF

Asset Type

Mixed-use

Closing

Aug 2, 2024

AI

34 Avenue A is a mixed-use property located in the East Village, Manhattan. The sale price was $4,800,000, with a total of 4 units. The total square footage of the property is 6,248, resulting in a price per unit of $1,200,000 and a price per square foot of $768.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,800,000
  • Address: 34 Avenue A
  • Market: East Village, Manhattan
  • Units: 4
  • Square Footage: 6,248
  • Price Per Unit: $1,200,000
  • Price Per Square Foot: $768
  • Buyer: AAJ Developers
  • Seller: Lamng Family
  • Broker: Roni Yaghoobzar - Safdie Realty Group

The transaction was facilitated by Roni Yaghoobzar from Safdie Realty Group, representing both the seller and purchaser in this deal.

Players

Roni Yaghoobzar

Safdie Realty Group

Broker

$25.8M

vol

15 deals

Broker

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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93