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
About this deal
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
- Property Type: Mixed-use
- Transaction Amount: $4,650,000
- Square Footage: 5,134
- Price Per Square Foot: $905
- Market: Flatiron
- Seller: Larry Goldstein
- Buyer: Leor Sabet
- Brokers: Peter Von Der Ahe, Joe Koicim, Logan Markley, Danny Handweiler – Marcus & Millichap
- Broker's Representative: Peter Von Der Ahe
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
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