Triumph Properties Corp. Acquires Mixed-Use Property On Carmine Street For $6.25M
44 Carmine St, New York, NY 10014, USA
Building Size
3,696 SF
Asset Type
Mixed-use
Closing
Dec 17, 2017
About this deal
AI
The mixed-use property located at 44 Carmine Street in Manhattan, New York has been sold for a price of $6,250,000. The property spans 3,696 square feet, with a price per square foot of $1,691. It consists of 5 units.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,250,000
- Square Footage: 3,696
- Price Per Square Foot: $1,691
- Units: 5
The seller of the property was Bruce & Thelma McGregor, while the buyer was Triumph Properties Corp. represented by Medel Payumo. The transaction was facilitated by brokers David Shalom and James Nelson of Cushwake.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93