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Berkshire Hathaway HomeServices Represents Buyer In Midtown East Mixed-Use Sale For $14.85M

Property Image
SOLD
$14,850,000
Jeff Berman
James Nelson
Eric Karmitz

New York

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Mixed-use20,210 SF
Sold 04/10/2025
the dealplayerscompscontact
Property Image
SOLD

Berkshire Hathaway HomeServices Represents Buyer In Midtown East Mixed-Use Sale For $14.85M

12 East 52nd Street

See Similar Deals
Mixed-use20,210 SF
Sold 04/10/2025
Jeff Berman
James Nelson
Eric Karmitz
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$734
Total Square Footage:20,210 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 12 East 52nd Street in Midtown East. This mixed-use asset was sold for a total price of $14,850,000, covering an area of 20,210 square feet, equating to a price per square foot of $734.

Summary of transaction details:

In this transaction, Jeffrey Berman represented the buyer, while the seller was represented by Eric Karmitz and James Nelson. Their respective agencies facilitated the deal, highlighting the collaborative effort between the brokers involved in this sale.

Players

Eric Karmitz
Avison Young
Eric Karmitz
36 deals$767.7M volume
BROKER
James Nelson
Avison Young
James Nelson
85 deals$1.9B volume
BROKER
Jeff Berman
Berkshire Hathaway HomeServices
Jeff Berman
2 deals$34.4M volume(917) 209-3528
BROKER
Jeff Berman
Berkshire Hathaway HomeServices
Jeff Berman
2 deals$34.4M volume(917) 209-3528
BROKER

Details

SOLD
IMAGE: Eric Karmitz, James Nelson & Jeffrey Berman DATE: 04/10/2025 ADDRESS: 12 East 52nd Street MARKET: Midtown East ASSET TYPE: Mixed-use BUYER'S REP: Jeffrey Berman (@JeffBerman01) - Berkshire Hathaway HomeServices (@BHHSRealEstate) SELLER'S REP: Eric Karmitz (@Eric.Karmitz) & James Nelson (@JamesNelsonNYC) - Avison Young (@Avison_Young_Global) SALE PRICE: $14,850,000 SF: 20,210 ~ PPSF: $734

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$792,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$52,758.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,396.58
Annual Debt Service$844,758.91