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829 9th Avenue, New York Ci...

Witnick Real Estate Partners Acquires Mixed-Use Asset In Midtown West For $7.05M
SOLDMixed-use

Witnick Real Estate Partners Acquires Mixed-Use Asset In Midtown West For $7.05M

829 9th Avenue, New York City, New York 10011, United States

$7,050,000

$698/SF

Building Size

10,100 SF

Asset Type

Mixed-use

Closing

Jul 7, 2022

AI

Located in Midtown West, the mixed-use property at 829 9th Ave. has recently been sold in a closed transaction. The property offers a total of 10,100 square feet and was sold for a price of $7,050,000, resulting in a price per square foot of $698. The transaction took place on July 8, 2022.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $7,050,000
  • Market: Midtown West
  • Address: 829 9th Ave.

The buyer of the property is Witnick Real Estate Partners. The seller's representatives in the deal were Chris Brodhead and Nikola Cosic from B6 Real Estate Advisors. The property had an asking price of $7,250,000, and it was ultimately sold for $7,050,000.

Players

Christoffer Brodhead

Ariel Property Advisors

Broker

$126.3M

vol

13 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

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