Compass Acquires Mixed-Use Property On Grand Street In New York City For $4.6M
419 Grand Avenue
$4,600,000
$1,299/SF
Building Size
3,540 SF
Asset Type
Mixed-use
Closing
Apr 27, 2023
About this deal
AI
The mixed-use property located at 419 Grand Street in New York City has been sold for $4,600,000. Spanning across 3,540 square feet, the property was sold at a price per square foot of $1,299. The transaction took place on April 27, 2023.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $4,600,000
- Address: 419 Grand Street, New York City
- Square Footage: 3,540
- Price per Square Foot: $1,299
- Market: New York City
Representing the seller, Candice Harder, were Nick Helmuth and Joe Pellegrino from The Corcoran Group. The buyer was represented by Jonathan Ben-Ami from Compass.
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93