Sean Lavin Acquires Mixed-Use Property In Lenox Hill For $11M
1152 2nd Avenue, Manhattan, New York, NY, USA
$11,000,000
$823/SF
Building Size
13,365 SF
Asset Type
Mixed-use
Closing
Jun 3, 2020
About this deal
AI
The mixed-use property located at 1152, 1154 & 1156 Second Avenue in Lenox Hill has been sold. The transaction took place on June 3, 2021. The property consists of a combination of residential and commercial units.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $11,000,000
- Price per square foot: $823
- Building square footage: 35,000
- Seller: The Asta Family
- Buyer: Sean Lavin
Sean Lavin has acquired the property from The Asta Family for a total amount of $11,000,000. The building spans across 35,000 square feet and consists of a total of 13,365 square feet. The price per square foot for this transaction is $823.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93