AAJ Developers Acquires Mixed-Use Building From Lee Family For $4.8 Million In East Village
SOLD
$4,800,000
New York
See Similar DealsMixed-use6,248 SF
Sold 08/02/2024
SOLD
AAJ Developers Acquires Mixed-Use Building From Lee Family For $4.8 Million In East Village
34 Avenue a
See Similar DealsMixed-use6,248 SF
Sold 08/02/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$768
Total Square Footage:6,248 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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