Private Investor Acquires Property From FCA For $5,830,000 With Buyer's Rep Jeff Weiss
118 1st Ave, New York, NY, 10009
$5,830,000
Building Size
—
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 118 1st Ave, New York, NY, 10009. The market value is set at $5,830,000. The property is listed with a size of 0 square feet.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $5,830,000.00
- Buyer: Private Investor
- Seller: FCA
- Buyer's Representative: Jeff Weiss-Highcap Group
- Seller's Representative: George Damiris-Alexiou Realty
The deal includes a private investor as the buyer, who is represented by Jeff Weiss from Highcap Group. The seller, FCA, has George Damiris from Alexiou Realty as their representative in this transaction.
On the Map
$5,830,000
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93