Shaul Finkel Sells Mixed Use Property On 5th Avenue In New York City For $2.66M
29 5th Ave, New York, NY 10003, USA
$16,500,000
$1,108/SF
Building Size
14,884 SF
Asset Type
Mixed-use
Closing
Jun 27, 2019
About this deal
AI
Located at 502 5th Avenue in New York City, this mixed-use property was recently sold in a closed transaction. The sale was facilitated by brokers Remi Norris and Matthew Cosentino from Terra CRG. The property spans 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
- Market: New York City
In this transaction, Shaul Finkel acted as the seller of the property. Remi Norris and Matthew Cosentino, representing Terra CRG, served as the brokers for the deal. This closed transaction highlights the successful sale of this mixed-use property in the vibrant New York City market.
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93