Updated Dec 21, 2023
Thomas N. Keltner, Jr. Acquires Commercial Property In Upper East Side For $88.4M
1827 1st Avenue, New York City, New York 10128, United States
$88,425,000
$6,361/SF
Building Size
13,901 SF
Asset Type
Commercial
Closing
Dec 21, 2021
About this deal
AI
The commercial property located at 345 East 94th Street & 1827 1 Avenue in the Upper East Side of Manhattan has been sold in a recent transaction. The property is zoned as C2-8 and has a total area of 13,901 square feet. The sale took place on December 22, 2021, between the buyer, Thomas N. Keltner, Jr., and the seller, Harold A Fetner. The transaction price for the property was $88,425,000, resulting in a price per square foot of $6,361. The lot size is 10,071 square feet with dimensions of 100 feet by 100.71 feet.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $88,425,000
- Address: 345 East 94th Street & 1827 1 Avenue
- Market: Upper East Side, Manhattan
- Zoning: C2-8
- Square Feet: 13,901
- Price per Square Foot: $6,361
In this deal, Thomas N. Keltner, Jr. represented the buyer, while Harold A Fetner represented the seller as their respective agents.
Players
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Boundary boundary · Commercial · Sale transactions
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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