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137 Lexington Avenue

Updated Dec 4, 2024

Quynh T Nguyen & Richard Truong Acquire Mixed-Use Property In Kips Bay, Manhattan For $5.1M
SOLDMixed-use

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

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Deal FAQ

About $893 per square foot on a published $5.1M for 5,708 square feet (2023).

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

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