Cooper Katz Acquires Mixed-Use Property On Orchard Street In New York City
84 Orchard St New York, NY 10002, USA
$4,300,000
$1,221/SF
Building Size
3,521 SF
Asset Type
Mixed-use
Closing
Jun 1, 2023
AI
The mixed-use property located at 84 Orchard Street in New York City has been sold for a total price of $4,300,000. Spanning across 3,521 square feet, this property offers a versatile space for both residential and commercial purposes. With a price per square foot of $1,221, the property showcases its value in the competitive New York City market.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $4,300,000
- Address: 84 Orchard Street
- Market: New York City
- Square Footage: 3,521
- Price per Square Foot: $1,221
The buyer was represented in this transaction by Cooper Katz, Mark Tergesen, and Karen Dee from ABS Partners Real Estate. On the other hand, the seller was represented by Jonathan Braun, Chris Varjan, and George Steffani from Lee & Associates, showcasing the involvement of established professionals in the deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93