Gorjian Real Estate Group Buys Mixed-Use Property At 463 Columbus Avenue For $4.4M
463 Columbus Avenue
$4,400,000
$437/SF
Building Size
10,065 SF
Asset Type
Mixed-use
Closing
Jul 20, 2025
AI
The asset at 463 Columbus Avenue in the Upper West Side is a mixed-use property comprising 12 units across 10,065 square feet. The sale price was $4,400,000, equating to a price per unit of $366,666 and a price per square foot of $437 in the Upper West Side market.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $4,400,000
- Buyer: Gorjian Real Estate Group
- Date of Sale: 7/21/2025
- Market: Upper West Side
- Units: 12
- Brokers: Zachary Ziskin - Investment Property Realty Group (IPRG); Adam Lobel - Investment Property Realty Group (IPRG); Justin Zeitchik - Investment Property Realty Group (IPRG)
The individuals driving the transaction are Adam Lobel, Zachary Ziskin and Justin Zeitchik, all affiliated with Investment Property Realty Group (IPRG). The team is credited with facilitating the deal and coordinating representation across the parties involved in this closed transaction.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93