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415 Third Avenue, Murray Hi...

Edward D. Jamie Sells Mixed-Use Property In Murray Hill For $4.4M With Buyer's Rep Tony Park & Seller's Rep Craig Waggner
SOLDMixed-use

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

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.

Players

Elad Dror

PD Properties

Broker

$191.5M

vol

12 deals

Broker

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