Jared Pinchasick Acquires Mixed-Use Property In Upper East Side For $6.7M
SOLD
$6,725,000
+ 2
New York
See Similar DealsMixed-use10,845 SF
Sold 08/16/2022
SOLD
Jared Pinchasick Acquires Mixed-Use Property In Upper East Side For $6.7M
1672 3rd Avenue, New York City, New York 10128, United States
See Similar DealsMixed-use10,845 SF
Sold 08/16/2022
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$620
Total Square Footage:10,845 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$358,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,892.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,879.93
Annual Debt Service$382,559.17
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