Berkshire Hathaway HomeServices Represents Buyer In Midtown East Mixed-Use Sale For $14.85M
12 East 52nd Street
$14,850,000
$734/SF
Building Size
20,210 SF
Asset Type
Mixed-use
Closing
Apr 10, 2025
AI
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:
- Property Type: Mixed-use
- Transaction Amount: $14,850,000
- Address: 12 East 52nd Street
- Market: Midtown East
- Square Footage: 20,210
- Price per Square Foot: $734
- Buyer’s Representative: Jeffrey Berman - Berkshire Hathaway HomeServices
- Seller’s Representatives: Eric Karmitz & James Nelson - Avison Young
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
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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93