Hezi Salman And Alon Salman Acquire Mixed Use Property In Washington Heights For $1.55M
398 Audubon Avenue, New York, NY 10033, USA
$1,550,000
$861/SF
Building Size
1,800 SF
Asset Type
Mixed-use
Closing
Oct 10, 2018
About this deal
AI
Located in Washington Heights, New York, the mixed-use property at 398 Audubon Avenue was recently sold for $1,550,000. Spanning across 1,800 square feet, this property offers a prime investment opportunity in a thriving market. With a price per square foot of $861, the value of this asset is evident.
Summary of transation details
- Property Type: Mixed Use
- Transaction Amount: $1,550,000
- Address: 398 Audubon Avenue
- Market: Washington Heights
- City: New York
- Square Footage: 1,800
- Price per Square Foot: $861
The sale of this property was facilitated by Robert Shapiro and Ian Brooks, who represented the sellers in the transaction. The buyer, Hezi Salman (@hezisal), and Alon Salman (@aloniouss), recognized the potential of this investment and seized the opportunity. This successful deal demonstrates the expertise and professionalism of both the buyers and the brokers involved.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93