Duc Hoang Acquires Mixed-Use Property On Upper Eastside For $7.9M
1124 3rd Avenue
$7,900,000
$940/SF
Building Size
8,400 SF
Asset Type
Mixed-use
Closing
Nov 4, 2022
About this deal
AI
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.
On the Map
$7,900,000
$940/SF
Mixed-use
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Players
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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93