Botsaris Morris Realty Group Sells Mixed-Use Property On 5th Avenue For $1.95M
499 5th Avenue
$1,950,000
$957/SF
Building Size
2,037 SF
Asset Type
Retail
Closing
Apr 18, 2023
About this deal
AI
The mixed-use property located at 499 5th Avenue in New York City has been sold for a total price of $1,950,000. The transaction took place on April 18, 2023. The property, managed by Botsaris Morris Realty Group, offers a versatile space that can be used for both residential and commercial purposes. Situated in the bustling market of New York City, this property is sure to attract attention from potential buyers.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,950,000
- Seller: Botsaris Morris Realty Group
- Brokers: Moshe Goldberger & Kobi Zamir - GFI Realty Services
Moshe Goldberger and Kobi Zamir from GFI Realty Services represented the seller in this deal. Their expertise in the real estate market helped facilitate a successful transaction. The sale of this mixed-use property demonstrates the strong demand for versatile spaces in the competitive New York City market.
On the Map
$1,950,000
$957/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93