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590 W 204th St, New York, N...

Joseph Aryeh Acquires Mixed-Use Property In Inwood For $13.5M
SOLDMixed-use

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

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.

Players

Mark Mehlman

Seller

$51.9M

vol

6 deals

Seller
First Republic Bank
First Republic BankLender

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