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463 Columbus Avenue

Gorjian Real Estate Group Buys Mixed-Use Property At 463 Columbus Avenue For $4.4M
SOLDMixed-use

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:

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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)Brokerage

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