Waleed Alzo Acquires Mixed-Use Property On Blake Avenue In New York City
625 Blake Avenue
$1,690,000
$401/SF
Building Size
4,212 SF
Asset Type
Mixed-use
Closing
Apr 18, 2023
About this deal
AI
The mixed-use property located at 625 Blake Avenue in New York City has been sold in a recent transaction. The property spans a total area of 4,212 square feet and was sold for a price of $1,690,000, resulting in a price per square foot of $401. The property is characterized by its versatile usage, offering a combination of residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,690,000
- Address: 625 Blake Avenue
- Market: New York City
- Square Footage: 4,212 sqft
- Buyer: Waleed Alzo
- Seller: Avi Weisel
- Broker: Avraham Birnbaum - Twelve Stones Realty
The buyer in this transaction is Waleed Alzo, while the seller is Avi Weisel. The deal was facilitated by Avraham Birnbaum, a representative from Twelve Stones Realty. Through their efforts, they successfully negotiated the sale of the property at its final price point. This sale represents a significant milestone for all parties involved.
Players
Market 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
9.39%
Cash-on-Cash
-2.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93