Marcus & Millichap Facilitates $7.05M Mixed-Use Sale In Chinatown
77 Mott Street, New York City, New York 10013, United States
$7,050,000
$496/SF
Building Size
14,192 SF
Asset Type
Mixed-use
Closing
May 8, 2022
About this deal
AI
The mixed-use property located at 77 Mott St. in Chinatown has been sold for a total of $7,050,000. The transaction took place on 05/09/2022. The property spans a total area of 14,192 square feet, resulting in a price per square foot of $496.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,050,000
- Address: 77 Mott St.
- Market: Chinatown
- Brokers: Matt Fotis & Colton Traynham - Marcus & Millichap
- Square Footage: 14,192
- Price per Square Foot: $496
Matt Fotis and Colton Traynham of Marcus & Millichap were the brokers representing the parties involved in the deal.
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
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93