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1012 Lexington Avenue

Mark Guindi Of GD Capital Acquires Mixed-use Property From HUBB NYC For $10.74M
SOLDMixed-use

Mark Guindi Of GD Capital Acquires Mixed-use Property From HUBB NYC For $10.74M

1012 Lexington Avenue, 1018 Lexington Avenue & 1429 3rd Avenue

$10,740,000

$928/SF

Building Size

11,572 SF

Asset Type

Mixed-use

Closing

Mar 19, 2026

AI

The transaction involved a mixed-use asset located at 1012 Lexington Avenue, 1018 Lexington Avenue & 1429 3rd Avenue in the Upper East Side market. The sale price was set at $10,740,000.

Summary of transaction details:

The deal saw Mark Guindi represent GD Capital as the buyer, while HUBB NYC acted as the seller. The brokerage team from Avison Young included Mitchell Levine, Brent Glodowski, and Eric Karmitz, who facilitated the transaction.

Players

Eric Karmitz

Avison Young

Broker

$767.7M

vol

36 deals

Broker
Mark Guindi

Mark Guindi

GD Capital

Buyer

$39.9M

vol

14 deals

Buyer
HUBB NYC
HUBB NYCSeller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93