Firebird Grove Acquires Mixed-Use Property In Manhattan For $5.5M
SOLD
New York
See Similar DealsMixed-use14,989 SF
SOLD
Firebird Grove Acquires Mixed-Use Property In Manhattan For $5.5M
46 Walker St, New York, NY 10013, USA
See Similar DealsMixed-use14,989 SF
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$366
Total Square Footage:14,989 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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