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
New York 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93