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
About this deal
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.
On the Map
Mixed-use
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Players
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