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401 Oceanview Avenue

Ezra Shabot Acquires Mixed-Use Asset In New York City For $1.24M
SOLDMixed-use

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

Vadim Atbashyan

Commercial Acquisitions Realty

Broker

$46.5M

vol

16 deals

Broker

Ezra Shabot

Buyer

$2.9M

vol

2 deals

Buyer

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