Ilan Freund Acquires Retail Condo At 2279 Third Ave For $4.9M
2279 Third Avenue, New York, NY, USA
$4,900,000
$799/SF
Building Size
6,128 SF
Asset Type
Mixed-use
Closing
Apr 15, 2019
About this deal
AI
The retail condo located at 2279 Third Ave has been sold. The property spans 6,128 square feet and was sold for a price of $4.9 million, resulting in a price per square foot of $800. The seller of the retail condo was Northwind Group, while the buyer was Ilan Freund.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $4.9 million
- Address: 2279 Third Ave
- Square Footage: 6,128
- Seller: Northwind Group
- Buyer: Ilan Freund
The sale of the retail condo was facilitated by the brokers Scott Plasky, Peter Von Der Ahe, Joe Koicim, and Niels Mariager from Marcus & Millichap.
Players
Watervliet Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
About $799 per square foot on a published $4.9M for 6,128 square feet (2019).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93