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1007 Lexington Avenue

Gavriel Trabelsi Purchases Mixed-Use Property From Samuel Dalembert For $3.85M In Lenox Hill
SOLDMixed-use

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:

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.

Players

Vadim Atbashyan

Commercial Acquisitions Realty

Broker

$46.5M

vol

16 deals

Broker

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