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1672 3rd Avenue, New York C...

Jared Pinchasick Acquires Mixed-Use Property In Upper East Side For $6.7M
SOLDMixed-use

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

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.

Players

Jonathan Hageman

JLL

Broker

$2.6B

vol

60 deals

Broker
Jared Pinchasick

Jared Pinchasick

JAM Real Estate Partners

Buyer

$183.4M

vol

14 deals

Buyer

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