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6 W 20th St New York, NY 10...

R New York Acquires Mixed-Use Commercial Coop Unit In NYC For $5.45M
SOLDMixed-use

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

Stefani Berkin

R New York

Broker

$63.5M

vol

9 deals

Broker

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