James Kim Acquires Mixed Use Property In Theatre District, Times Square For $7.1M
932 8th Ave, New York, NY 10019, USA
$7,100,000
$136/SF
Building Size
52,100 SF
Asset Type
Mixed-use
Closing
Jul 31, 2018
About this deal
AI
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
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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93