Toni Park Acquires Mixed-Use Property In Garment District For $5.5M
41 W 35th St, New York, NY 10001, USA
$5,500,000
$947/SF
Building Size
5,803 SF
Asset Type
Mixed-use
Closing
Mar 11, 2020
About this deal
AI
The mixed-use property located at 41 West 35th Street in the Garment District has been sold for $5,500,000. The property spans 5,803 square feet, resulting in a price per square foot of $947.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,500,000
- Address: 41 West 35th Street
- Market: Garment District
The buyer of the property is Toni Park, and the seller is DLR Management LLC, represented by Joan Luft.
The mixed use sale at 41 W 35th St, New York, NY 10001, USA in New York, New York sold for $5.5M in 2020. The building is 5,803 square feet, implying about 947 per square foot on the published price. This page is the New York, New York file for the 41 W 35th St, New York, NY 10001, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 41 W 35th St, New York, NY 10001, USA around 2020. Published consideration for 41 W 35th St, New York, NY 10001, USA is $5.5M, dated 2020. Cite this Toni Park Acquires Mixed-Use Property In Garment District For $5.5M sale when underwriting similar mixed use product around New York, New York.
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New York Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93