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940 Columbus Ave, New York,...

Private Investor Acquires Mix-Use Property In Manhattan For $9.9M
SOLDMixed-use

Private Investor Acquires Mix-Use Property In Manhattan For $9.9M

940 Columbus Ave, New York, NY 10025, USA

Building Size

11,093 SF

Asset Type

Mixed-use

Closing

Nov 29, 2017

AI

A mix-use property located at 940 Columbus Avenue in New York, Manhattan has been sold in a closed transaction. The property spans a total square footage of 11,093, with a price of $9,900,000, resulting in a price per square foot of $892.

Summary of transaction details

  • Property Type: Mix-Use
  • Transaction Amount: $9,900,000
  • Square Footage: 11,093
  • Address: 940 Columbus Avenue, New York
  • Market: Manhattan

The seller of the property was Meyer Orbach, who successfully closed the deal with a private investor. The transaction was facilitated by the brokerage firm Rosewood Realty Group, with Ben Khakshoor and Aaron Jungreis serving as the representatives.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93