Private Investor Acquires 1675 Lexington Ave New York From 153 Realty Corp For $5M
SOLD
$5,000,000
New York
See Similar Deals11,355 SF
SOLD
Private Investor Acquires 1675 Lexington Ave New York From 153 Realty Corp For $5M
1675 Lexington Ave, New York, NY, 10...
See Similar Deals11,355 SF
Summary
NEW YORK
Price Per Square Foot:$440
Total Square Footage:11,355 SF
Transaction Type:Sale
The property located at 1675 Lexington Ave, New York, NY, was sold for $5,000,000.00. This asset encompasses a total area of 11,355 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $5,000,000.00
- Address: 1675 Lexington Ave, New York, NY
- Square Footage: 11,355
- Seller: 153 Realty Corp.
- Buyer: Private Investor
- Seller's Representative: Christopher Skitch-Cignature Realty Associates
The transaction involved a private investor who acquired the property from 153 Realty Corp. The deal was represented by Christopher Skitch from Cignature Realty Associates, detailing the professional involvement in facilitating the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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