Alexander Dokule Acquires Retail Condo At 1711 1st Avenue For $4M
1711 1st Avenue, New York City, New York 10128, United States
$4,000,000
$975/SF
Building Size
4,100 SF
Asset Type
—
Closing
Oct 3, 2022
About this deal
AI
A retail condo located at 1711 1st Avenue in the Upper East Side has been sold for $4,000,000. The property spans 4,100 square feet, resulting in a price per square foot of $976. The transaction took place on October 4, 2022.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $4,000,000
- Address: 1711 1st Avenue
- Market: Upper East Side
- Buyer: Alexander Dokule
- Seller: Anbau
- Tenant: Club Pilates
- Buyer's Representative: Hiro Tanaka - Ellman Realty Advisors
- Seller's Representatives: Daniel Kaplan & Justin Arzi - CBRE
- Square Footage: 4,100
- Price Per Square Foot: $976
Justin Arzi, Daniel Kaplan, Stephen Glascock, and Hiro Tanaka played key roles in the deal. Alexander Dokule purchased the retail condo from Anbau, with representation provided by Hiro Tanaka from Ellman Realty Advisors. On the other hand, Daniel Kaplan and Justin Arzi from CBRE represented the seller in this transaction.
Players
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Deal FAQ
About $975 per square foot on a published $4M for 4,100 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93