Mark Guindi Of GD Capital Acquires Mixed-use Property From HUBB NYC For $10.74M
SOLD
$10,740,000
+ 1
New York
See Similar DealsMixed-use11,572 SF
Sold
SOLD
Mark Guindi Of GD Capital Acquires Mixed-use Property From HUBB NYC For $10.74M
1012 Lexington Avenue, 1018 Lexington Avenue & 1429 3rd Avenue
See Similar DealsMixed-use11,572 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$928
Total Square Footage:11,572 SF
Transaction Type:Sale
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:
- Property Type: Mixed-use
- Transaction Amount: $10,740,000
- Buyer: Mark Guindi - GD Capital
- Seller: HUBB NYC
- Brokers: Mitchell Levine, Brent Glodowski & Eric Karmitz - Avison Young
- Transaction Date: 3/20/2026
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$572,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,156.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,913.08
Annual Debt Service$610,956.95
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