facebook
Traded Co logo
Submit

Kevin Lalezarian Acquires Commercial Property In Murray Hill, Manhattan For $7.75M

Property Image
SOLD
$7,750,000
Kevin Lalezarian
Lloyd Goldman

New York

See Similar Deals
Commercial6,499 SF
Sold 05/31/2022
the dealplayerscompscontact
Property Image
SOLD

Kevin Lalezarian Acquires Commercial Property In Murray Hill, Manhattan For $7.75M

569 3rd Avenue, New York City, New York 10016, United States

See Similar Deals
Commercial6,499 SF
Sold 05/31/2022
Kevin Lalezarian
Lloyd Goldman
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$1,192
Total Square Footage:6,499 SF
Transaction Type:Sale

The commercial property located at 569 3rd Avenue in Murray Hill, Manhattan has been sold in a transaction that took place on May 31, 2022. The property is zoned as C1-9 and has a tax class of 2B. The lot size measures 1,906 square feet, with dimensions of 22.92 feet by 126 feet. The property previously underwent an alteration permit on June 30, 2011.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $7,750,000
  • Building Square Footage: 19,060
  • Price per Building Square Foot: $406
  • Lot Square Footage: 6,499
  • Price per Square Foot: $1,192
  • FAR: 3.41
  • Buyer: Kevin Lalezarian
  • Buyer's Representative: Not provided
  • Seller: Lloyd Goldman
  • Seller's Representative: Not provided

The deal involved Kevin Lalezarian as the buyer and Lloyd Goldman as the seller. No additional information is available regarding the representatives involved in the transaction.

Players

Lloyd Goldman
Lloyd Goldman
13 deals$675.9M volume(212) 624-4300
BROKER
Kevin Lalezarian
Lalezarian Properties
Kevin Lalezarian
9 deals$628.1M volume
BUYER

Details

SOLD
IMAGE: 05/31/2022 ADDRESS: 569 3 Avenue MARKET: Murray Hill, Manhattan ASSET TYPE: Commercial ~ ZONING: C1-9 BUYER: Kevin Lalezarian SELLER: Lloyd Goldman PRICE: $7,750,000 BSF: 19,060 ~ PPBSF: $406 SF: 6,499 ~ PPSF: $1,192 FAR: 3.41 TAX CLASS: 2B LOT SIZE: 1,906 PERMITS: Alteration 2 (06/30/2011) LOT DIMENSION: 22.92 ft x 126 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$413,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45