Gavriel Trabelsi Purchases Mixed-Use Property From Samuel Dalembert For $3.85M In Lenox Hill
SOLD
$3,850,000
New York
See Similar DealsMixed-use4,726 SF
Sold 09/06/2024
SOLD
Gavriel Trabelsi Purchases Mixed-Use Property From Samuel Dalembert For $3.85M In Lenox Hill
1007 Lexington Avenue
See Similar DealsMixed-use4,726 SF
Sold 09/06/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$814
Total Square Footage:4,726 SF
Transaction Type:Sale
The transaction involves a mixed-use asset located at 1007 Lexington Avenue in the Lenox Hill neighborhood of Manhattan. The sale was concluded for a total price of $3,850,000. This property spans a total area of 4,726 square feet, resulting in a price per square foot of approximately $814.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,850,000
- Square Footage: 4,726
- Price per Square Foot: $814
- Buyer: Gavriel Trabelsi
- Seller: Samuel Dalembert
- Broker: Vadim Atbashyan - Commercial Acquisitions Realty
This transaction was facilitated by Vadim Atbashyan, representing Commercial Acquisitions Realty. The involvement of the broker marks a significant step in the real estate activity for both the buyer and the seller in this particular market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
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