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6 Avenue B

Estate Of Bertha Zawin Sells Mixed-Use Property In New York City For $4.2M
SOLDRetail

Estate Of Bertha Zawin Sells Mixed-Use Property In New York City For $4.2M

6 Avenue B

$4,200,000

$2,800/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Jan 31, 2023

AI

The mixed-use property located at 6 Avenue B in New York City has been sold for a total price of $4,200,000. This property has a total square footage of 7,995, resulting in a price per square foot of $525. The sale was conducted by the Estate of Bertha Zawin, with representation from Kevin Esh of Esh Property Group.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $4,200,000
  • Address: 6 Avenue B, New York City
  • Square Footage: 7,995
  • Price per Square Foot: $525
  • Seller: Estate Of Bertha Zawin
  • Broker: Kevin Esh - Esh Property Group

This deal brings together the Estate of Bertha Zawin, as the seller, and Kevin Esh from Esh Property Group acting as the broker. The transaction highlights the successful collaboration between these key individuals and companies within the real estate industry.

Players

Kevin Esh

Broker

$78.3M

vol

7 deals

Broker
EO
Estate OfSeller

New York City 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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93