Joseph Aryeh Acquires Mixed-Use Property In Inwood For $13.5M
590 W 204th St, New York, NY 10034, USA
$13,500,000
$30/SF
Building Size
448,000 SF
Asset Type
Mixed-use
Closing
Nov 20, 2018
About this deal
AI
Located at 590 West 204th Street in Inwood, this mixed-use property has been sold for a transaction amount of $13,500,000. Owned by Mark Mehlman, the property spans across 44,800 square feet. The buyer and borrower of this property is Joseph Aryeh, who has obtained a loan amount of $7,900,000 from First Republic Bank.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $13,500,000
- Loan Amount: $7,900,000
- Square Footage: 44,800
- Address: 590 West 204th Street, Inwood
- Market: Inwood
Mark Mehlman served as the seller in this transaction, while Joseph Aryeh represented himself as both the buyer and borrower. The loan for this deal was provided by First Republic Bank.
On the Map
$13,500,000
$30/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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93