Ezra Shabot Acquires Mixed-Use Asset In New York City For $1.24M
401 Oceanview Avenue
$1,235,000
$343/SF
Building Size
3,600 SF
Asset Type
Mixed-use
Closing
Feb 27, 2023
AI
Ezra Shabot has recently purchased a mixed-use property located at 401 Oceanview Avenue in New York City. The transaction was facilitated by Vadim Atbashyan of Commercial Acquisitions Realty, who represented both the buyer and seller, Marat Tsirlin. The sale price for this property was $1,235,000, with a total area of 3,600 square feet, resulting in a price per square foot of $343.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,235,000
- Address: 401 Oceanview Avenue, New York City
- Market: New York City
- Buyer: Ezra Shabot
- Seller: Marat Tsirlin
- Broker: Vadim Atbashyan - Commercial Acquisitions Realty
This transaction showcases the successful collaboration between Ezra Shabot, the buyer, and Marat Tsirlin, the seller. Vadim Atbashyan, representing Commercial Acquisitions Realty, played a crucial role as the broker in facilitating the deal. The mixed-use property located at 401 Oceanview Avenue offers a total area of 3,600 square feet, making it a valuable asset in the New York City market.
Players
Market 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
12.84%
Cash-on-Cash
-3.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93