Updated Oct 29, 2024
Jag 1st Ave Realty LLC Acquires Multi-Family Property In Manhattan For $7.6M
1665 1st Avenue, New York, NY 10028, USA
Building Size
8,922 SF
Asset Type
MultiFamily
Closing
Nov 13, 2017
About this deal
AI
Jag 1st Ave Realty LLC has purchased a multi-family property located at 1665 1st Avenue in New York City's Manhattan market. The transaction, which closed on November 14, 2017, had a sale price of $7,600,000. The property spans 8,922 square feet with a total of 16 units.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $7,600,000
- Address: 1665 1st Avenue
- City: New York
- Market: Manhattan
- Total Square Feet: 8,922 sf
- Total Units: 16
The seller, Bre Fsc Multifamily Borrower LLC, sold the property to Jag 1st Ave Realty LLC, represented by their broker in the deal. No additional details about the individuals or companies involved in the transaction were available.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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