Delsha Capital's Michael Shah Acquires Retail Condo On Midtown's 761 Seventh Avenue For $23.5M
761 7th Avenue, Manhattan, New York, NY, USA
$23,500,000
$979/SF
Building Size
24,000 SF
Asset Type
Mixed-use
Closing
Feb 25, 2021
About this deal
AI
A retail condo located at 761 Seventh Avenue in Midtown has been sold for $23,500,000. The property spans 24,000 square feet and was sold at a price of $979 per square foot.
Summary of transaction details
- Property Type: Retail condo
- Transaction Amount: $23,500,000
- Address: 761 Seventh Avenue
- Market: Midtown
- Square Feet: 24,000
- Price per Square Foot: $979
Delsha Capital, represented by Michael Shah, acquired the retail condo in the transaction.
The mixed use sale at 761 7th Avenue, Manhattan, New York, NY, USA in New York, New York sold for $23.5M in 2021. The building is 24,000 square feet, implying about 979 per square foot on the published price. Named participants on the 761 7th Avenue, Manhattan, New York, NY, USA sale are Michael Shah. This page is the New York, New York file for the 761 7th Avenue, Manhattan, New York, NY, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 761 7th Avenue, Manhattan, New York, NY, USA around 2021. Published consideration for 761 7th Avenue, Manhattan, New York, NY, USA is $23.5M, dated 2021. Cite this Delsha Capital's Michael Shah Acquires Retail Condo On Midtown's 761 Seventh Avenue For $23.5M sale when underwriting similar mixed use product around New York, New York.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93