SOLDMixed-use
Rama Bassalali Acquires Mixed-Use Building At 663 Lexington Avenue In Manhattan For $8.4M
663 Lexington Avenue
$8,400,000
$1,235/SF
Building Size
6,800 SF
Asset Type
Mixed-use
Closing
Jun 29, 2026
AI
A mixed-use building with a total area of 6,800 square feet located at 663 Lexington Avenue in Manhattan was sold for $8,400,000. This transaction reflects a price per square foot of $1,235.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $8,400,000
- Address: 663 Lexington Avenue
- Market: Manhattan
- Square Footage: 6,800
- Price per Square Foot: $1,235
- Buyer: Rama Bassalali
- Seller: Nicholas Cyprus
Rama Bassalali is the buyer of the property, acquiring it from the seller, Nicholas Cyprus, in this transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93