Roberto F. Ortiz Acquires Mixed-Use Property In South Greenwich Village For $18.2M
502 Laguardia Place, New York City, New York 10012, United States
$11,450,000
$436/SF
Building Size
26,250 SF
Asset Type
Mixed-use
Closing
Dec 15, 2021
About this deal
AI
The mixed-use property located at 502, 504 & 506 La Guardia Place in South Greenwich Village has been sold for a total price of $18,250,000. The property consists of 12 full floors of apartments and 3 stores, resulting in a total of 15 units. The sale took place on 12/16/2021, with a total square footage of 26,250 and a price per square foot of $695.
Summary of transaction details
- Property Type: Mixed-use (12 full floors Apartments and 3 Stores)
- Transaction Amount: $18,250,000
- Address: 502, 504 & 506 La Guardia Place, South Greenwich Village
- Market: South Greenwich Village
- Units: 15
The seller of the property was The Ermelino Family, while the buyer's representative was Roberto F. Ortiz. Representing the seller was Gerald F. Coulston from Warshaw Burstein, LLP.
Players
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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93