R New York Acquires Mixed-Use Commercial Coop Unit In NYC For $5.45M
6 W 20th St New York, NY 10011, USA
$5,450,000
$1,090/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Jul 11, 2023
AI
The mixed-use commercial coop unit located at 6 West 20th Street in New York City has been sold for a total price of $5,450,000. The property spans across 5,000 square feet, resulting in a price per square foot of $1,090. This transaction involved a single unit, with a purchase price equivalent to the total sale amount.
Summary of Transaction Details
- Property Type: Mixed-Use Commercial Coop Unit
- Transaction Amount: $5,450,000
- Square Footage: 5,000
- Price per Square Foot: $1,090
- Address: 6 West 20th Street, New York City
The seller of this property was Craig McDean. Representing the buyer in this transaction were Steven Gurton, Stefani Berkin, and Robert Barr from R New York. On the seller's side, Michael Glanzberg and James Costello of Sinvin Real Estate acted as the seller's representatives.
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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93