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84 Orchard St New York, NY ...

Cooper Katz Acquires Mixed-Use Property On Orchard Street In New York City
SOLDMixed-use

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

Chris Varjan

Lee & Associates

Broker

$469.3M

vol

29 deals

Broker

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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93