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
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