Botsaris Morris Realty Group Sells Mixed-Use Property On 5th Avenue For $1.95M
SOLD
$1,950,000
New York
See Similar DealsRetail2,037 SF
Sold 04/18/2023
SOLD
Botsaris Morris Realty Group Sells Mixed-Use Property On 5th Avenue For $1.95M
499 5th Avenue
See Similar DealsRetail2,037 SF
Sold 04/18/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$957
Total Square Footage:2,037 SF
Transaction Type:Sale
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.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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