Leah Chen Sells Mixed-Use Property In Midtown East For $3.4M
245 East 53rd Street, New York City, New York 10022, United States
$3,400,000
$1,062/SF
Building Size
3,200 SF
Asset Type
Mixed-use
Closing
Jan 18, 2022
About this deal
AI
The mixed-use property located at 245 E. 53rd St. in Midtown East has been sold for a price of $3,400,000. The transaction was completed on 01/18/2022. The property spans approximately 3,200 square feet, resulting in a price per square foot of $1,062. The seller of the property was Leah Chen, and the sale was facilitated by The Townhouse Experts LLC.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,400,000
- Date: 01/18/2022
- Address: 245 E. 53rd St.
- Market: Midtown East
- Seller: Leah Chen
- Broker: The Townhouse Experts LLC
- Square Footage: 3,200
- Price Per Square Foot: $1,062
The successful sale of the property was orchestrated by The Townhouse Experts LLC on behalf of Leah Chen, the seller. The transaction showcases the expertise of the broker in facilitating deals in the real estate market.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93