Rudd Realty And Peak Capital Acquire Mixed Use Property In Upper West Side For $10.4M
495 Amsterdam Ave, New York, NY 10024, USA
$10,400,000
$972/SF
Building Size
10,700 SF
Asset Type
Mixed-use
Closing
Aug 6, 2019
About this deal
AI
495 Amsterdam Avenue, located in the Upper West Side, was sold in an off-market transaction for $10,400,000. This mixed-use property encompasses 10,700 square feet, resulting in a price per square foot of $971.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $10,400,000
- Address: 495 Amsterdam Avenue
- Market: Upper West Side
Rudd Realty, represented by Josh Greenberg, and Peak Capital, represented by David Gomez, purchased the property from seller Carin Mei. The brokerage services for this transaction were provided by Aaron Jungreis.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93