Eric Karmitz And Alexandra Marolda Of Avison Young Facilitate Sale Of Mixed-Use Asset For $4.525M
2nd Avenue
$4,525,000
$1,205/SF
Building Size
3,755 SF
Asset Type
Mixed-use
Closing
Jun 3, 2025
AI
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
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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93