Sammy Aranbayev Acquires Retail Condo On Edgecombe Avenue, New York For $1.6M
142 Edgecombe Ave, New York, NY 10030, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 9, 2018
About this deal
AI
Located at 142 Edgecombe Avenue in New York City's Manhattan market, this property is a Retail Condo occupied by Manhantanville Cafe and Hexagon Lounge. The property spans 1,500 square feet and was sold for a price of $1,600,000, resulting in a price per square foot of $937.50.
Summary of transaction details:
- Property Type: Retail Condo (occupied by Manhantanville Cafe and Hexagon Lounge)
- Transaction Amount: $1,600,000
- Square Footage: 1,500 sf
- Price per Square Foot: $937.50
- Address: 142 Edgecombe Avenue, New York
- Market: Manhattan
The seller of this property is Adir Cohen’s Renaissance Realty Group, while the buyer is Sammy Aranbayev.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93