Leung Family Sells Mixed-Use Property On Mott Street In NYC For $3.56M
73 Mott St New York, NY 10013, USA
$3,558,888
$320/SF
Building Size
11,112 SF
Asset Type
Mixed-use
Closing
May 31, 2023
AI
The mixed-use property located at 73-75 Mott Street in New York City has been sold for a total price of $3,558,888. The property spans across 11,112 square feet, leading to a price per square foot of $320. This transaction was facilitated by Marcus & Millichap, with Matthew Fotis, Colton Traynham, and Mike Weinstein acting as the brokers representing the seller, the Leung Family.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $3,558,888
- Address: 73-75 Mott Street, New York City
- Square Footage: 11,112
- Price per Square Foot: $320
- Seller: Leung Family
- Brokers: Matthew Fotis, Colton Traynham, and Mike Weinstein - Marcus & Millichap
The successful closing of this deal highlights the expertise and professionalism of the brokers involved in the transaction. Matthew Fotis, Colton Traynham, and Mike Weinstein, representing Marcus & Millichap, played a crucial role in facilitating the sale of the mixed-use property on Mott Street. Their knowledge of the market and negotiation skills were instrumental in achieving a favorable outcome for the Leung Family.
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
4.46%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93