Ashkenazy Acquisition Acquires Retail Condo In Manhattan For $5.25M
201 E 77th St, New York, NY 10075, USA
Building Size
9,705 SF
Asset Type
Retail
Closing
Jun 16, 2017
About this deal
AI
The retail condo located at 201 East 77th Street in New York, Manhattan has been sold for a price of $5,250,000. The property, owned by 201 East 77th Associates, is a co-op. The buyer in this transaction is Ashkenazy Acquisition, represented by Ben_n_y.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,250,000
- Address: 201 East 77th Street, New York
- Market: Manhattan
- Seller: 201 East 77th Associates (CO-OP)
- Buyer: Ashkenazy Acquisition, represented by Ben_n_y
Ashkenazy Acquisition, led by Ben_n_y, has acquired the retail condo at 201 East 77th Street. This deal marks an important investment for Ashkenazy Acquisition and demonstrates their continued interest in the retail market in Manhattan.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93