facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

42 W 28th St, New York, NY ...

Kyoung Ah Lee Acquires Mixed-Use Property On West 28th Street For $10.5M
SOLDMixed-use

Kyoung Ah Lee Acquires Mixed-Use Property On West 28th Street For $10.5M

42 W 28th St, New York, NY 10001, USA

$10,500,000

$1,097/SF

Building Size

9,570 SF

Asset Type

Mixed-use

Closing

Oct 17, 2019

AI

The mixed-use property located at 42 West 28th Street in the Nomad market has been sold in a closed transaction. The property spans a total square footage of 9,570, with a price per square foot (PPFS) of $1,076. The asking price for the property was $13,000,000, and it was sold for $10,500,000.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $10,500,000
  • Address: 42 West 28th Street
  • Market: Nomad
  • Square Footage: 9,570
  • Price per Square Foot (PPFS): $1,076

Uk Choi was the seller of the property, while Kyoung Ah Lee purchased it. The buyer was represented in the transaction by Tony Park and Elad Dror. On the seller's side, Justin Natalizio, Eric Anton, and Chris Warner acted as representatives.

Players

Elad Dror

PD Properties

Broker

$191.5M

vol

12 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93