Kim Miller Sells Mixed-use Property At 503 Fourth Ave New York For $2 Million
503 Fourth Ave
$2,000,000
$533/SF
Building Size
3,750 SF
Asset Type
Mixed-use
Closing
Jul 10, 2024
About this deal
AI
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.
On the Map
$2,000,000
$533/SF
Mixed-use
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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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93