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833 Lexington Ave, New York...

833 Lexington Ave
SOLDCommercial

833 Lexington Ave

833 Lexington Ave, New York, NY, 100...

$7,900,000

Building Size

Asset Type

Commercial

Closing

Nov 19, 2023

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:

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.

Players

Alessandra Faglione

Cushman & Wakefield

Broker

$39.9M

vol

2 deals

Broker

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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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