Daily limit: 0/10
Hee Nam Bae Purchases Mixed-Use Building From Kemal Ilgar Peker & Ahmet Yildizel For $12M
SOLD
$12,000,000
New York
See Similar DealsMixed-use8,295 SF
Sold 08/01/2024
SOLD
Hee Nam Bae Purchases Mixed-Use Building From Kemal Ilgar Peker & Ahmet Yildizel For $12M
386 3rd Avenue
See Similar DealsMixed-use8,295 SF
Sold 08/01/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,446
Total Square Footage:8,295 SF
Transaction Type:Sale
A mixed-use building was sold at 386 3rd Avenue in Kips Bay, Manhattan for $12 million. The property encompasses a building size of 29,610 BSF, which equates to a price per BSF of $405. The total square footage of the asset is 8,295, with a price per square foot of $1,447.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,000,000
- Buyer: Hee Nam Bae
- Seller: Kemal Ilgar Peker & Ahmet Yildizel
- Closing Date: August 1, 2024
- Purchase Entity: City Lights Properties LLC
The transaction involved Hee Nam Bae acquiring the property from the sellers, Kemal Ilgar Peker and Ahmet Yildizel. The deal was facilitated without additional financing details mentioned in the context.
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)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
Is there something missing? Send suggestions