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The Koniuk Family Sells Mixed-Use Property At 333 1st Avenue For $2.8M With Robert Aaron As The Broker

Property Image
SOLD
$2,800,000

New York

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Mixed-use5,014 SF
Sold 10/01/2025
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Property Image
SOLD

The Koniuk Family Sells Mixed-Use Property At 333 1st Avenue For $2.8M With Robert Aaron As The Broker

333 1st Avenue

See Similar Deals
Mixed-use5,014 SF
Sold 10/01/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$558
Total Square Footage:5,014 SF
Transaction Type:Sale

The property involved in this transaction is a mixed-use asset located at 333 1st Avenue in the Gramercy Park market. The sale price was $2,800,000, with a total of 6 units. The building comprises 5,014 square feet, which equates to a price per unit of $466,666 and a price per square foot of $558. This asset is noted for being 100% rent stabilized.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,800,000
  • Units: 6
  • Square Footage: 5,014
  • Price Per Unit: $466,666
  • Price Per Square Foot: $558
  • Seller: The Koniuk Family
  • Broker: Robert Aaron - Horvath & Tremblay

Representing the seller in this transaction was Robert Aaron, associated with the brokerage Horvath & Tremblay, facilitating the sale on behalf of The Koniuk Family.

Players

Robert Aaron
Horvath & Tremblay
Robert Aaron
14 deals$104.9M volume(212) 951-1041
BROKER
Horvath & Tremblay
Horvath & Tremblay
BROKERAGE

Details

SOLD
IMAGE: Robert Aaron DATE: 10/1/2025 ADDRESS: 333 1st Avenue MARKET: Gramercy Park ASSET TYPE: Mixed-use SELLER: The Koniuk Family BROKER: Robert Aaron - Horvath & Tremblay SALE PRICE: $2,800,000 UNITS: 6 ~ PPU: $466,666 SF: 5,014 ~ PPSF: $558 NOTE FROM BROKER: 100% Rent Stabilized

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14