Jared Pinchasick Acquires Mixed-Use Property In Upper East Side For $6.7M
1672 3rd Avenue, New York City, New York 10128, United States
$6,725,000
$620/SF
Building Size
10,845 SF
Asset Type
Mixed-use
Closing
Aug 15, 2022
About this deal
AI
Located in the Upper East Side market, the mixed-use property at 1672 3rd Ave. has been sold in a recent transaction. The property spans 10,845 square feet and was sold for a total of $6,725,000, resulting in a price per square foot of $620.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,725,000
- Date: 08/16/2022
- Address: 1672 3rd Ave.
- Market: Upper East Side
The buyer in this transaction is Jared Pinchasick. Representing the buyer are brokers Bob Knakal, Guthrie Garvin, Jonathan Hageman, and Jack Norton from JLL.
On the Map
$6,725,000
$620/SF
Mixed-use
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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
2.36%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93