Sales | The Real Deal New York

The Real Deal New York

Deal sheet    Single Deal
Sales
  • Event Sales
  • Address 690 Castleton Avenue
  • Square feet 19,716
  • Price $ 1,200,000
  • Price per foot $ 60.86
  • Borough Manhattan
  • Publication Date 11/01/2007
notes
The elevator building sold for $1.2 million, or $61 per square foot. The price represents a capitalization rate of 15.49 percent and a gross rent multiple of 3.5. The property contains two floors of medical office space, 14 parking spaces and two floors of residential space, which comprise 14 apartments that rent for below-market rates.
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