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
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