Derek Cohn Acquires Mixed-Use Property In Harlem For $2.85M
1914 3rd Avenue, New York City, New York 10029, United States
$2,850,000
$718/SF
Building Size
3,965 SF
Asset Type
Retail
Closing
Apr 12, 2022
About this deal
AI
This mixed-use property located at 1914 3rd Ave. in Harlem recently changed hands in a sale transaction. The deal was closed on 04/13/2022, with a sale price of $2,850,000. The property spans across 3,965 square feet and has a price per square foot (PPSF) of $718. The transaction involved buyer Derek Cohn and seller Abner Figueroa.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,850,000
- Date: 04/13/2022
- Address: 1914 3rd Ave.
- Market: Harlem
- Buyer: Derek Cohn
- Seller: Abner Figueroa
The sale of this mixed-use property was facilitated by brokers Scott Plasky and Billy Stephan from Marcus & Millichap. They represented both the buyer and the seller in the transaction.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93