Eric Karmitz And Alexandra Marolda Of Avison Young Facilitate Sale Of Mixed-Use Asset For $4.525M
SOLD
$4,525,000
New York
See Similar DealsMixed-use3,755 SF
Sold 06/03/2025
SOLD
Eric Karmitz And Alexandra Marolda Of Avison Young Facilitate Sale Of Mixed-Use Asset For $4.525M
2nd Avenue
See Similar DealsMixed-use3,755 SF
Sold 06/03/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,205
Total Square Footage:3,755 SF
Transaction Type:Sale
The mixed-use asset located at 1390 1/2 Second Avenue in the Lenox Hill market was sold for $4,525,000. The property encompasses a total square footage of 3,755, which equates to a price per square foot of $1,205.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,525,000
- Square Footage: 3,755
- Price Per Square Foot: $1,205
- Address: 1390 1/2 Second Avenue
- Market: Lenox Hill
The brokers representing the transaction were Eric Karmitz, Alexandra Marolda, and Lea Voytovich from Avison Young, contributing their expertise to secure this deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$241,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,076.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,450.81
Annual Debt Service$257,409.70
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