Duc Hoang Acquires Mixed-Use Property On Upper Eastside For $7.9M
SOLD
$7,900,000
New York
See Similar DealsMixed-use8,400 SF
Sold 11/04/2022
SOLD
Duc Hoang Acquires Mixed-Use Property On Upper Eastside For $7.9M
1124 3rd Avenue
See Similar DealsMixed-use8,400 SF
Sold 11/04/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$940
Total Square Footage:8,400 SF
Transaction Type:Sale
1124 & 1126 Third Avenue, located in the Upper Eastside market, has been sold in a mixed-use transaction. The property spans 8,400 square feet and was sold for a total price of $7,900,000. The sale price per square foot was $940.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $7,900,000
- Square Footage: 8,400
- Price per Square Foot: $940
- Address: 1124 & 1126 Third Avenue
- Market: Upper Eastside
The transaction involved several key individuals and companies. Duc Hoang was the buyer, and the Stadler Family was the seller. The broker representing the deal was George Niblock from Friedman-Roth Realty Services LLC.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
Is there something missing? Send suggestions