Kim Miller Sells Mixed-use Property At 503 Fourth Ave New York For $2 Million
SOLD
$2,000,000
New York
See Similar DealsMixed-use3,750 SF
Sold 07/10/2024
SOLD
Kim Miller Sells Mixed-use Property At 503 Fourth Ave New York For $2 Million
503 Fourth Ave
See Similar DealsMixed-use3,750 SF
Sold 07/10/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$533
Total Square Footage:3,750 SF
Lot Square Footage:1250 SF
Transaction Type:Sale
A mixed-use property located at 503 Fourth Ave in New York has been sold for a price of $2,000,000.00. The property covers a total square footage of 3,750.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,000,000.00
- Address: 503 Fourth Ave
- Market: New York
- Square Footage: 3,750.0
- Seller: Kim Miller
The transaction was facilitated by brokers Josh Lipton and Andrew Levine from Invictus. Joseph Misita was also involved in the deal, though his affiliation is not specified.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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