James Yenicag Acquires Retail Condo In Midtown Manhattan For $1.5M
5 East 44th Street, New York City, New York 10017, United States
$1,500,000
$789/SF
Building Size
1,900 SF
Asset Type
Mixed-use
Closing
Jun 24, 2020
AI
A retail condo located at 5 East 44th Street in Midtown has been sold in a recent transaction. The property, spanning 1,900 square feet, was sold for a price of $1,500,000. This translates to a price per square foot of $789. The transaction took place on June 24, 2021.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $1,500,000
- Address: 5 East 44th Street
- Market: Midtown
The buyer of the retail condo is James Yenicag. Representing the buyer in this transaction was Brent Glodowski from Avison Young. On the other hand, the seller, Michael Kandov, was represented by Will Conrad and Damani Strasner from Cushman & Wakefield. The asking price for the property was $2,495,000, indicating a successful negotiation for the buyer.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93