Super Fi Emporium Acquires Retail Condo On Third Avenue In Manhattan For $10M
2211 3rd Ave, New York, NY 10035, USA
Building Size
145,963 SF
Asset Type
—
Closing
Jan 9, 2018
AI
HAP Investment, led by Eran Polack, sold a retail condo in Manhattan at 2211 Third Avenue for $10,000,000. The property is located in a prime location in New York City.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $10,000,000
- Seller: HAP Investment – Eran Polack
- Buyer: Super Fi Emporium
- Address: 2211 Third Avenue, New York
- Market: Manhattan
Super Fi Emporium has acquired the retail condo, making a significant investment in the Manhattan market. This deal was led by HAP Investment, represented by Eran Polack, demonstrating their expertise in the New York City real estate market.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93