Edward D. Jamie Sells Mixed-Use Property In Murray Hill For $4.4M With Buyer's Rep Tony Park & Seller's Rep Craig Waggner
415 Third Avenue, Murray Hill, New York, NY, USA
$4,400,000
$753/SF
Building Size
5,837 SF
Asset Type
Mixed-use
Closing
Jul 25, 2021
About this deal
AI
A mixed-use property located at 415 Third Avenue in Murray Hill has been sold for a price of $4,400,000. The property has a building square footage (BSF) of 14,630 and a price per building square footage (PPBSF) of $300. The total area of the property is 5,837 square feet, with a price per square foot (PPSF) of $753.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,400,000
- Market: Murray Hill
- Address: 415 Third Avenue
- Built Square Footage (BSF): 14,630
- Price per Built Square Footage (PPBSF): $300
- Total Square Footage (SF): 5,837
- Price per Square Foot (PPSF): $753
- Tax Class: 2B
The seller of the property is Edward D. Jamie. Craig Waggner, Mike Kavanagh, and Tony Park represented the buyer, while Craig Waggner, John Ciraulo, and Mike Kavanagh represented the seller. Tony Park and Elad Dror from DPropertiesNYC acted as the buyer's representatives.
On the Map
$4,400,000
$753/SF
Mixed-use
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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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93