Joseph Aryeh Acquires Mixed-Use Property In Inwood For $13.5M
SOLD
$13,500,000
New York
See Similar DealsMixed-use448,000 SF
Sold 11/21/2018
SOLD
Joseph Aryeh Acquires Mixed-Use Property In Inwood For $13.5M
590 W 204th St, New York, NY 10034, USA
See Similar DealsMixed-use448,000 SF
Sold 11/21/2018
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$30
Total Square Footage:448,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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