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1497 3rd Avenue, New York C...

Debra Kalimian Acquires Commercial Property On Third Avenue In Yorkville, Manhattan For $6.68M
SOLDCommercial

Debra Kalimian Acquires Commercial Property On Third Avenue In Yorkville, Manhattan For $6.68M

1497 3rd Avenue, New York City, New York 10028, United States

$6,675,000

$683/SF

Building Size

9,761 SF

Asset Type

Commercial

Closing

Apr 28, 2022

AI

Located at 1497 Third Avenue in Yorkville, Manhattan, this commercial property was recently sold in a closed transaction. The property has a zoning designation of C1-9, which allows for a variety of commercial uses. The sale took place on April 29, 2022.

Summary of transaction details

  • Property Type: Commercial
  • Sale Price: $6,675,000
  • Building Square Footage: 9,761
  • Price per Square Foot: $683
  • Lot Size: 2,542
  • Permits: Alteration 2 (06/17/2013)
  • Lot Dimensions: 25.33 ft x 101.67 ft

The buyer of this property was Debra Kalimian, while the seller was Rita Kalimian Sakhaie. The property has a building square footage (BSF) of 25,420 and a price per BSF of $262. The floor area ratio (FAR) for this property is 3.84, indicating that the total floor area of the building is nearly four times the size of the lot. The tax class for the property is 2.

Players

Albert Kalimian

Broker

$760.5M

vol

13 deals

Broker

Rita Kalimian Sakhaie

Seller

$120.9M

vol

5 deals

Seller

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.38%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93