James Kim Acquires Mixed Use Property In Theatre District, Times Square For $7.1M
SOLD
$7,100,000
New York
See Similar DealsMixed-use52,100 SF
Sold 08/01/2018
SOLD
James Kim Acquires Mixed Use Property In Theatre District, Times Square For $7.1M
932 8th Ave, New York, NY 10019, USA
See Similar DealsMixed-use52,100 SF
Sold 08/01/2018
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$136
Total Square Footage:52,100 SF
Transaction Type:Sale
Located in the Theatre District, Times Square of New York City, the mixed-use property at 932 Eighth Ave has recently been sold. The property, with a total area of 5,210 square feet, was sold for a sale price of $7.1 million, resulting in a price per square foot of $1,362. The transaction took place on August 1, 2018.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $7.1 million
- Address: 932 Eighth Ave, New York
- Market: Theatre District, Times Square, New York
The seller of the property was Terence Ferguson, while James Kim acted as the buyer. Facilitating the deal was broker Andrew Natter.
Players
BROKERAGE
Details
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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