Les Lerner Sells Mixed-Use Asset At 531 West 235th Street In Riverdale For $4.75M
SOLD
$4,750,000
New York
See Similar DealsMixed-use12,541 SF
Sold 12/12/2024
SOLD
Les Lerner Sells Mixed-Use Asset At 531 West 235th Street In Riverdale For $4.75M
531 West 235th Street
See Similar DealsMixed-use12,541 SF
Sold 12/12/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$378
Total Square Footage:12,541 SF
Transaction Type:Sale
The property asset involved in the transaction is a mixed-use building located at 531 West 235th Street in the Riverdale market. The sale price is $4,750,000, with a total square footage of 12,541 and a price per square foot of $378.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,750,000
- Address: 531 West 235th Street
- Market: Riverdale
- Seller: Les Lerner
- Broker: Samia Farah - KSR
- Square Footage: 12,541
- Price per Square Foot: $378
The key individuals involved in the transaction include the seller, Les Lerner, and the broker representing the deal, Samia Farah from KSR. They played significant roles in finalizing the sale of the mixed-use property in the specified market.
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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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