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73 Mott St New York, NY 100...

Leung Family Sells Mixed-Use Property On Mott Street In NYC For $3.56M
SOLDMixed-use

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

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 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

4.46%

Cash-on-Cash

-1.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93