Leor Sabet Acquires Mixed-Use Property In Flatiron For $4.65M
SOLD
$4,650,000
+ 3
New York
See Similar DealsMixed-use5,134 SF
Sold 10/10/2019
SOLD
Leor Sabet Acquires Mixed-Use Property In Flatiron For $4.65M
36 W 21st St, New York, NY 10010, USA
See Similar DealsMixed-use5,134 SF
Sold 10/10/2019
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$905
Total Square Footage:5,134 SF
Transaction Type:Sale
The mixed-use property located at 36 West 21st Street in the Flatiron market has been sold in a closed transaction. The property spans across 5,134 square feet, with a sale price of $4,650,000, resulting in a price per square foot of $905.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,650,000
- Address: 36 West 21st Street
- Market: Flatiron
The buyer in this transaction is Leor Sabet, while the seller is Larry Goldstein. The deal was facilitated by Peter Von Der Ahe, Joe Koicim, Logan Markley, and Danny Handweiler from Marcus & Millichap.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,520.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,043.37
Annual Debt Service$264,520.47
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