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

Property Image
SOLD
$6,675,000
AK
RS

New York

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Commercial9,761 SF
Sold 04/29/2022
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Commercial9,761 SF
Sold 04/29/2022
AK
RS
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$683
Total Square Footage:9,761 SF
Transaction Type:Sale

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

AK
Albert Kalimian
13 deals$760.5M volume
BROKER
RS
Rita Kalimian Sakhaie
5 deals$120.9M volume
SELLER

Details

SOLD
IMAGE: 04/29/2022 ADDRESS: 1497 Third Avenue MARKET: Yorkville, Manhattan ASSET TYPE: Commercial ~ ZONING: C1-9 BUYER: Debra Kalimian SELLER: Rita Kalimian Sakhaie PRICE: $6,675,000 BSF: 25,420 ~ PPBSF: $262 SF: 9,761 ~ PPSF: $683 FAR: 3.84 TAX CLASS: 2 LOT SIZE: 2,542 PERMITS: Alteration 2 (06/17/2013) LOT DIMENSION: 25.33 ft x 101.67 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$355,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,714.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,642.91
Annual Debt Service$379,714.87