Avison Young And B6 Real Estate Advisors Sell Mixed-Use Property On West 17th Street In New York City For $17.5M
453 West 17th Street
$17,500,000
$984/SF
Building Size
17,780 SF
Asset Type
Mixed-use
Closing
Jun 23, 2023
AI
The property located at 453 West 17th Street in New York City has been sold in a mixed-use transaction. The sale price for this property was $17,500,000, with a total square footage of 17,780. The price per square foot was $984.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $17,500,000
- Square Footage: 17,780
- Price per Square Foot: $984
- Market: New York City
In this co-brokered transaction, the Seller was represented by David Shalom, Alexandra Marolda, James Nelson, and Mitchell Levine from Avison Young, as well as Brock Emmetsberger and Jameson Hill from B6 Real Estate Advisors. The Buyer, represented by an outside Broker, remains undisclosed, and future building plans for the property are currently unknown.
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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93