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46 Walker St, New York, NY ...

Firebird Grove Acquires Mixed-Use Property In Manhattan For $5.5M
SOLDMixed-use

Firebird Grove Acquires Mixed-Use Property In Manhattan For $5.5M

46 Walker St, New York, NY 10013, USA

$5,500,000

$366/SF

Building Size

14,989 SF

Asset Type

Mixed-use

Closing

Oct 26, 2022

AI

The mixed-use property located at 46 Walker Street in Manhattan has been sold. The transaction took place on October 20, 2022. The property spans a total area of 14,989 square feet and was sold for a price of $5,500,000, resulting in a price per square foot of $367.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $5,500,000
  • Address: 46 Walker Street, Manhattan
  • Market: Manhattan
  • Buyer: Firebird Grove - Adam Selmer
  • Seller: John Fortenberry
  • Broker: Mitchell Levine, Brandon Polakoff & Ryan McGuirl - Avison Young

The buyer of the property is Firebird Grove, represented by Adam Selmer. The seller in the transaction is John Fortenberry. The brokerage team involved in the deal includes Mitchell Levine, Brandon Polakoff, and Ryan McGuirl from Avison Young.

Players

Adam Selmer

Firebird Grove

Buyer

$51.2M

vol

11 deals

Buyer

John Fortenberry

Seller

$11M

vol

2 deals

Seller

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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93