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341 Lexington Ave, New York...

Pervetti Pizza Leases Mixed-Use Space On Lexington Avenue In Murray Hill
LEASEDMixed-use

Pervetti Pizza Leases Mixed-Use Space On Lexington Avenue In Murray Hill

341 Lexington Ave, New York, NY 10016, USA

Building Size

1,300 SF

Asset Type

Mixed-use

Closing

Aug 31, 2019

AI

The mixed-use property located at 341 Lexington Avenue in Murray Hill has been sold in a closed transaction. The property consists of both residential and commercial spaces. The transaction was completed on 09/01/2019.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $16,500
  • Price per Square Foot: $152
  • Square Footage: 1,300
  • Address: 341 Lexington Avenue
  • Market: Murray Hill

The tenant occupying the property is Pervetti Pizza, while the landlord is Shaun Ajodan. Isaac Setton and Claude Kolb, both representing the buyer and seller, played key roles as brokers in the transaction.

Players

Claude Kolb

Lee & Associates

Broker

40 deals

Broker

Shaun Ajodan

Landlord

$18.8M

vol

3 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93