Gavriel Trabelsi Purchases Mixed-Use Property From Samuel Dalembert For $3.85M In Lenox Hill
1007 Lexington Avenue
$3,850,000
$814/SF
Building Size
4,726 SF
Asset Type
Mixed-use
Closing
Sep 6, 2024
AI
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.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93