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
About this deal
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.
On the Map
$4,200,000
$2,800/SF
Retail
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Players
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