SOLDMixed-use
AP 173 LLC Acquires Mixed-Use Property At 501 West 173rd Street For $4.75M
501 West 173rd Street
$4,750,000
$273/SF
Building Size
17,375 SF
Asset Type
Mixed-use
Closing
May 27, 2026
AI
501 West 173rd Street is a mixed-use property located in Manhattan, which has recently been sold for $4,750,000. The asset spans a total of 17,375 square feet, resulting in a price per square foot of $273.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,750,000
- Buyer: AP 173 LLC
- Seller: Alyne I. Diamond & Jerome Benayoun - Black Diamond Advisory
- Square Footage: 17,375
- Price Per Square Foot: $273
- Market: Manhattan
AP 173 LLC has successfully completed the acquisition of the property from Alyne I. Diamond, with Jerome Benayoun representing Black Diamond Advisory in this transaction. This deal marks a significant move in the Manhattan real estate market.
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93