Jesse Terry Acquires Retail Condo At 142 Fifth Avenue In Manhattan For $16M
142 Fifth Avenue, Manhattan, New York, NY, USA
$16,000,000
$2,240/SF
Building Size
7,140 SF
Asset Type
Mixed-use
Closing
Dec 20, 2018
AI
A retail condo at 142 Fifth Avenue in Manhattan has been sold for $16,000,000. The transaction took place on December 21, 2018. The property, owned by I&L Weiss, was purchased by @HUBBNYC and represented by Jesse Terry. The sale was facilitated by brokers David Schechtman, Lipa Lieberman, and Abie Kassin from Meridian Capital Group.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $16,000,000
- Date: 12/21/2018
- Address: 142 Fifth Avenue
- Market: Manhattan
Detailed information about the deal's key individuals and companies involved in the transaction is not available.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93