Flatiron Real Estate Acquires Mixed-Use Property In Hells Kitchen For $8.5M
817 9th Avenue
$8,500,000
$684/SF
Building Size
12,414 SF
Asset Type
Mixed-use
Closing
May 4, 2022
About this deal
AI
Located in Hells Kitchen, the mixed-use property at 817 9th Ave. & 819 9th Avenue has been sold in a recent transaction. The buyer of the property is Flatiron Real Estate, while the seller is Shim Bong Shu. This sale took place on 05/04/2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,500,000
- Square Footage: 12,425
- Price per Square Foot: $684
- Address: 817 9th Ave. & 819 9th Avenue
- Market: Hells Kitchen
Flatiron Real Estate represented the buyer in this deal. They acted as the buyer's real estate agency.
Please note: No additional information is available about this transaction.
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93