R New York Acquires Mixed-Use Commercial Coop Unit In NYC For $5.45M
SOLD
$5,450,000
+ 2
New York
See Similar DealsMixed-use5,000 SF
Sold 07/11/2023
SOLD
R New York Acquires Mixed-Use Commercial Coop Unit In NYC For $5.45M
6 W 20th St New York, NY 10011, USA
See Similar DealsMixed-use5,000 SF
Sold 07/11/2023
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,090
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$290,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,362.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,835.78
Annual Debt Service$310,029.37
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