Dr. Marc Sherman Acquires Mixed-Use Property From Estate Of Walter Besser For $3.9M
SOLD
$3,900,000
New York
See Similar DealsMixed-use2,560 SF
Sold 10/18/2024
SOLD
Dr. Marc Sherman Acquires Mixed-Use Property From Estate Of Walter Besser For $3.9M
64 Greenwich Avenue
See Similar DealsMixed-use2,560 SF
Sold 10/18/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,523
Total Square Footage:2,560 SF
Transaction Type:Sale
The property involved in this transaction is a mixed-use asset located at 64 Greenwich Avenue in the Greenwich Village market. The sale price was $3,900,000, and the property encompasses a total of 2,560 square feet, resulting in a price per square foot of $1,523.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,900,000
- Buyer: Dr. Marc Sherman
- Seller: Estate of Walter Besser
- Broker: Richard Bonagura & Angela Kontis - Realty Executives Today
Richard Bonagura and Angela Kontis represented the seller in this transaction, facilitating the sale of the property from the Estate of Walter Besser to Dr. Marc Sherman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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