Leor Sabet Acquires Mixed-use Property At 558 3rd Avenue From Larry Kaiden For $4.3M

The property asset involved in the transaction is a mixed-use building located at 558 3rd Avenue in the Murray Hill market. The sale price was $4,300,000, featuring a total of 6 units which include 1 commercial space and 5 apartments. The building encompasses 7,200 square feet with a price per unit of $716,667 and a price per square foot of $597.

Summary of transaction details:

• Property Type: Mixed-use (1 Commercial & 5 Apts)
• Transaction Amount: $4,300,000
• Units: 6
• Price Per Unit: $716,667
• Square Footage: 7,200
• Price Per Square Foot: $597
• Buyer: Larry Kaiden
• Seller: Leor Sabet
• Broker Representatives: Haley Hasho & Benjamin Wiles - Exodus Capital
• Attorney: Stephen Siminou

The property was owned under the same ownership since 1962 and successfully went into contract within 2 weeks of a private marketing process.