Quynh T Nguyen & Richard Truong Acquire Mixed-Use Property In Kips Bay, Manhattan For $5.1M
137 Lexington Avenue
$5,100,000
$893/SF
Building Size
5,708 SF
Asset Type
Mixed-use
Closing
Sep 14, 2023
About this deal
AI
The mixed-use property located at 137 Lexington Avenue in Kips Bay, Manhattan has been sold in a recent transaction. The property spans a total of 5,708 square feet and features a building square footage (BSF) of 8,572. The sale price for this property was $5,100,000, resulting in a price per square foot (PPSF) of $893. The buyer for this transaction was Quynh T Nguyen & Richard Truong, while the seller was Douglas Barasch.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,100,000
- Address: 137 Lexington Avenue, Kips Bay, Manhattan
- Total Square Footage: 5,708
- Building Square Footage (BSF): 8,572
- Price per Square Foot (PPSF): $893
Quynh T Nguyen & Richard Truong were the buyers who acquired the property at 137 Lexington Avenue. On the other hand, the seller, Douglas Barasch, sold the property to them. This transaction represents a significant investment in the mixed-use property located in Kips Bay, Manhattan.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93