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.
On the Map
$4,650,008
$905/SF
Mixed-use
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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