facebook
Traded Co logo
Submit

Jeffrey Goldberg Acquires Commercial Property In Chelsea, Manhattan For $10.25M

Property Image
SOLD
$10,250,000

New York

See Similar Deals
Commercial6,446 SF
Sold 08/25/2022
the dealplayerscompscontact
Property Image
SOLD

Jeffrey Goldberg Acquires Commercial Property In Chelsea, Manhattan For $10.25M

729 Avenue of the Americas, New York, NY, 10010

See Similar Deals
Commercial6,446 SF
Sold 08/25/2022
Contact now

Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$1,590
Total Square Footage:6,446 SF
Transaction Type:Sale

The commercial property located at 729 Avenue Of The Amer in Chelsea, Manhattan was recently sold. The property has a total square footage of 6,446, with a price per square foot of $1,590. The building consists of 16,360 square feet, with a price per square foot of $626. The sale price for this transaction was $10,250,000. The buyer of the property is Jeffrey Goldberg, while the seller is Steven Sarkisian.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $10,250,000
  • Address: 729 Avenue Of The Amer
  • Market: Chelsea, Manhattan
  • Asset Type: Commercial
  • Zoning: C6-4X
  • Square Footage: 6,446
  • Price per Square Foot: $1,590
  • Building Square Footage: 16,360
  • Price per Building Square Foot: $626

The transaction also involved the following details. The property has a floor area ratio (FAR) of 3.94 and is classified as tax class 4. The lot size is 1,636 and the lot dimension measures 24.67 ft x 66.25 ft. The property has a previous alteration permit issued on 08/19/2009.

Players

14 deals$1.3B volume
BUYER

Details

SOLD
IMAGE: 08/25/2022 ADDRESS: 729 Avenue Of The Amer MARKET: Chelsea, Manhattan ASSET TYPE: Commercial ~ ZONING: C6-4X BUYER: Jeffrey Goldberg SELLER: Steven Sarkisian PRICE: $10,250,000 BSF: 16,360 ~ PPBSF: $626 SF: 6,446 ~ PPSF: $1,590 FAR: 3.94 TAX CLASS: 4 LOT SIZE: 1,636 PERMITS: Alteration 2 (08/19/2009) LOT DIMENSION: 24.67 ft x 66.25 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)

$546,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,416.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,590.23
Annual Debt Service$583,082.75