Shaul Finkel Sells Mixed Use Property On 5th Avenue In NYC For $2.66M With Terra CRG As Brokers
502 5th Avenue
$2,710,000
$846/SF
Building Size
3,200 SF
Asset Type
Mixed-use
Closing
Jan 5, 2023
About this deal
AI
The mixed-use property located at 502 5th Avenue in New York City has been sold in a recent transaction. The property spans approximately 3,600 square feet and was sold for a total price of $2,660,000, resulting in a price per square foot of $739.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $2,660,000
- Square Footage: 3,600
- Address: 502 5th Avenue, New York City
- Seller: Shaul Finkel
- Brokers: Remi Norris & Matthew Cosentino - Terra CRG
The seller of the property was Shaul Finkel, and the transaction was facilitated by brokers Remi Norris and Matthew Cosentino from Terra CRG.
Players
New York City 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
5.85%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93