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
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