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453 West 17th Street

Avison Young And B6 Real Estate Advisors Sell Mixed-Use Property On West 17th Street In New York City For $17.5M
SOLDMixed-use

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

Brock Emmetsberger

Matthews

Broker

$348M

vol

27 deals

Broker

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