Jesse Terry Acquires Retail Condo At 142 Fifth Avenue In Manhattan For $16M
SOLD
$16,000,000
+ 1
New York
See Similar DealsMixed-use7,140 SF
Sold 12/21/2018
SOLD
Jesse Terry Acquires Retail Condo At 142 Fifth Avenue In Manhattan For $16M
142 Fifth Avenue, Manhattan, New York, NY, USA
See Similar DealsMixed-use7,140 SF
Sold 12/21/2018
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$2,240
Total Square Footage:7,140 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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