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AP 173 LLC Acquires Mixed-Use Property At 501 West 173rd Street Manhattan For $4.75M
SOLD
$4,750,000
New York
See Similar DealsMixed-use17,375 SF
Sold 05/27/2026
SOLD
AP 173 LLC Acquires Mixed-Use Property At 501 West 173rd Street Manhattan For $4.75M
501 West 173rd Street
See Similar DealsMixed-use17,375 SF
Sold 05/27/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$273
Total Square Footage:17,375 SF
Transaction Type:Sale
AP 173 LLC has acquired a mixed-use property located at 501 West 173rd Street in Manhattan. The sale price for the 17,375-square-foot asset is $4,750,000, which equates to a price per square foot of $273.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,750,000
- Address: 501 West 173rd Street
- Market: Manhattan
- Square Footage: 17,375
- Price per Square Foot: $273
- Buyer: AP 173 LLC
- Seller: Alyne I. Diamond
The transaction was executed between AP 173 LLC, representing the buyer, and Alyne I. Diamond, representing the seller, facilitating the exchange of the property in Manhattan.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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