Estate Of Eleben Yau Mei Wong Sells Mixed-use Property In Manhattan For $13M
175 Third Avenue, Manhattan, New York, NY, USA
$13,000,000
$335/SF
Building Size
38,797 SF
Asset Type
Mixed-use
Closing
Apr 22, 2021
AI
The Estate of Eleben Yau Mei Wong has sold three properties in Manhattan for a total of $13,000,000. The properties are located at 175 Third Avenue, 532 Ninth Avenue, and 1901 Lexington Avenue. These mixed-use assets consist of 56 units, 46 of which are residential and 10 are commercial. The total square footage of the properties is 38,797, with a price per square foot of $335.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $13,000,000
- Units: 56 (46 Residential, 10 Commercial)
- Price Per Square Foot: $335
Representing the buyer's side in this transaction is George Niblock from FriedmanRoth. Lily Ren acted as the seller's representative.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93