$7.3M Upper East Side Mixed-Use Property Sold By Buyer Nader Ohebshalom And Brokers Jack Zalta, Aaron Jungreis, Matty Nightingale
1341 2nd Ave, New York, NY 10021, USA
$7,300,000
$34/SF
Building Size
209,300 SF
Asset Type
Mixed-use
Closing
Dec 15, 2019
AI
A mixed-use property located at 1341 2nd Avenue in the Upper East Side of Manhattan has been sold for a total of $7,300,000. The property spans a total of 17,940 square feet, with 7,475 square feet allocated to retail space and an additional 10,465 square feet of air rights. The sale price per square foot was calculated to be $406. This property consists of 8 residential units and includes a store.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,300,000
- Address: 1341 2nd Avenue
- Market: Upper East Side
- Square Footage: 17,940 (Retail: 7,475 sqft, Air Rights: 10,465 sqft)
- Units: 8 residential units + 1 store
The seller of this property was Dennis Horowitz, and the buyer was Nader Ohebshalom. The transaction was facilitated by a team from Rose Wood Realty Group NY, including brokers Jack Zalta, Aaron Jungreis, and Matty Nightingale.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93