Updated Dec 20, 2023
John Murray Acquires Commercial Property On Lexington Avenue For $89.8M
303 Lexington Avenue, New York City, New York 10016, United States
$89,792,308
$501/SF
Building Size
179,168 SF
Asset Type
Commercial
Closing
Apr 25, 2022
About this deal
AI
The commercial property located at 303 Lexington Avenue in Murray Hill, Manhattan was recently sold in a closed transaction. The property has an address of 303 Lexington Avenue and is situated in the Murray Hill market. It falls under the commercial asset type and is zoned as R10, R8B. The sale took place on April 26, 2022.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $89,792,308
- Square Footage: 179,168 SF
- Price Per Square Foot: $501
- Market: Murray Hill, Manhattan
- Buyer: John Murray
- Seller: Thomas Felderman
The property has a floor area ratio (FAR) of 12.97 and falls under tax class 4. The lot size is 13,814 square feet, with dimensions of 98.63 ft x 140 ft. The property previously underwent an alteration permit on March 11, 2020, marked as Alteration 2.
On the Map
$89,792,308
$501/SF
Commercial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93