Avison Young Brokers Facilitate $10.3M Mixed-use Sale In Chelsea
729 6th Avenue
$10,325,000
$1,602/SF
Building Size
6,444 SF
Asset Type
Mixed-use
Closing
Aug 25, 2022
About this deal
AI
Located at 729 6th Ave in Chelsea, Manhattan, this mixed-use property was recently sold in a closed transaction. The property spans 6,444 square feet and was sold for a total price of $10,325,000, resulting in a price per square foot of $1,602.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,325,000
- Square Footage: 6,444
- Price per Square Foot: $1,602
- Address: 729 6th Ave, Chelsea, Manhattan
The seller of this property was Gary Kasakian. The transaction was facilitated by the brokerage firm Avison Young, with Mitchell Levine, David Shalom, Brandon Polakoff, and Alexandra Marolda representing the seller.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Mitchell Levine to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93