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5 East 44th Street, New Yor...

James Yenicag Acquires Retail Condo In Midtown Manhattan For $1.5M
SOLDMixed-use

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

Brent Glodowski

Avison Young

Broker

$612M

vol

34 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93