Marcus & Millichap Sells Mixed-Use Property In Washington Heights For $2.53M
500 West 184th Street, New York City, New York 10033, United States
$2,530,000
$451/SF
Building Size
5,610 SF
Asset Type
Mixed-use
Closing
May 18, 2022
About this deal
AI
The mixed-use property located at 500 W. 184th St. in Washington Heights has been sold in a recent transaction. The sale of the property was facilitated by Seth Glasser from Marcus & Millichap. The transaction took place on 05/19/2022.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $2,530,000
- Square Footage: 5,610
- Price Per Square Foot: $450
- Market: Washington Heights
Seth Glasser, the broker from Marcus & Millichap, represented the parties involved in the sale of this mixed-use property. The property offers a total of 5,610 square feet of space. The sale price for the property was $2,530,000, resulting in a price per square foot of $450. Located in Washington Heights, this transaction showcases the continued activity and growth of the real estate market in this area.
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
6.27%
Cash-on-Cash
-1.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93