Updated Sep 10, 2024
833 Lexington Ave
833 Lexington Ave, New York, NY, 100...
$7,900,000
Building Size
—
Asset Type
Commercial
Closing
Nov 19, 2023
About this deal
AI
The property involved in the transaction is located at 833 Lexington Ave, New York, NY, situated in the Lenox Hill neighborhood. The transaction was valued at $7,900,000.00 and includes six residential units along with two commercial spaces. The property does not have any square footage specified.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,900,000.00
- Address: 833 Lexington Ave, New York, NY, 100...
- Market: New York
- Seller's Representative: Hunter Moss, Michael Gembecki, Brad Jones, Alessandra Faglione, and Austin Fabel - Cushman & Wakefield
- Buyer: Unknown
The seller of the property is SBP Lexington LLC, represented by the team from Cushman & Wakefield in the transaction. Additional terms of sale were not disclosed.
On the Map
$7,900,000
Commercial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93