Summary
NEW YORK
Asset Type:Commercial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
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