Daily limit: 0/10
Modern Abstraction Gallery Buys Mixed-Use Property At 235 East 58th Street For $3M
SOLD
$3,000,000
New York
See Similar DealsMixed-use4,005 SF
Sold
SOLD
Modern Abstraction Gallery Buys Mixed-Use Property At 235 East 58th Street For $3M
235 East 58th Street
See Similar DealsMixed-use4,005 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$749
Total Square Footage:4005 SF
Transaction Type:Sale
The mixed-use property located at 235 East 58th Street in Midtown East, Manhattan, has been sold for $3,000,000. The asset encompasses a total area of 4,005 square feet, resulting in a price per square foot of $749.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 235 East 58th Street
- Market: Midtown East, Manhattan
- Square Footage: 4,005
- Price per Square Foot: $749
- Buyer: Modern Abstraction Gallery
- Seller: SBG USA
- Date of Sale: 02/27/2026
Modern Abstraction Gallery, operating through its LLC, is expected to occupy the property following the acquisition, marking an important development for the buyer in the Manhattan area.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
Is there something missing? Send suggestions