Acquires Mixed-Use Asset In Carnegie Hall For $13M
1256, 1258 & 1260 Lexington Avenue, New York, Ny 10028
$13,159,250
$899/SF
Building Size
14,632 SF
Asset Type
Mixed-use
Closing
Dec 8, 2022
About this deal
AI
The mixed-use property located at 1256, 1258 & 1260 Lexington Avenue in the Carnegie Hall market has been sold in a recent transaction. The property spans 14,632 square feet and was sold for a total price of $13,084,250, resulting in a price per square foot of $894.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $13,084,250
- Address: 1256, 1258 & 1260 Lexington Avenue
- Market: Carnegie Hall
- Buyer: , Inc.
- Seller:
- Brokers: Shallini Mehra & Amit Doshi - Meridian Capital Group
- Square Footage: 14,632
- Price per Square Foot: $894
The buyer in this transaction is , Inc., while the sellers of the property are , Howard 601 LLC, and Harvey 601 LLC. Representing the buyer and seller in this deal are Shallini Mehra and Amit Doshi from the Meridian Capital Group.
Players
Carnegie Hall, NYC 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
1.21%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93