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
About this deal
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.
On the Map
$5,500,000
$366/SF
Mixed-use
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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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93