Jason Wong Acquires Mixed-Use Property In Chelsea For $6.5M
96 8th Ave, New York, NY 10011, USA
$6,500,000
$2,069/SF
Building Size
3,141 SF
Asset Type
Mixed-use
Closing
Mar 31, 2020
About this deal
AI
A mixed-use property located at 96 8th Avenue in Chelsea has been sold for a total price of $6,500,000. The property spans across 3,141 square feet, resulting in a price per square foot of $2,069. The transaction involved the sale of two units.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,500,000
- Address: 96 8th Avenue, Chelsea
- Square Footage: 3,141
- Price per Square Foot: $2,069
- Number of Units: 2
The buyer of the property is Jason Wong, while the seller is Maria Vargas Montalvo. No additional information about the transaction is available at this time.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93