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36 West 21st St, New York, ...

Leor Sabet Acquires Mixed-Use Property In Flatiron For $4.65M
SOLDMixed-use

Leor Sabet Acquires Mixed-Use Property In Flatiron For $4.65M

36 West 21st St, New York, NY 10010, USA

$4,650,008

$905/SF

Building Size

5,134 SF

Asset Type

Mixed-use

Closing

Oct 9, 2019

AI

The mixed-use property located at 36 West 21st Street in the Flatiron neighborhood was recently sold in a closed transaction. The property spans 5,134 square feet and was sold for a price of $4,650,000, resulting in a price per square foot of $905.

Summary of transaction details

The deal was facilitated by the Marcus & Millichap team, consisting of brokers Peter Von Der Ahe, Joe Koicim, Logan Markley, and Danny Handweiler. Their expertise and guidance were crucial in successfully completing the transaction.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

Leor Sabet

Sabet Group

Buyer

$30.3M

vol

6 deals

Buyer

Larry Goldstein

Seller

$22.8M

vol

4 deals

Seller

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

3.41%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93