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

Property Image
SOLD
$4,400,000

New York

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Mixed-use10,065 SF
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SOLD

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

463 Columbus Avenue

See Similar Deals
Mixed-use10,065 SF
Sold
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$437
Total Square Footage:10065 SF
Transaction Type:Sale

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
134 deals$576.1M volume(718) 360-8815
BROKER

Justin Zeitchik
Investment Property Realty Group (IPRG)
48 deals$248.3M volume(718) 360-8827
BROKER

Zachary Ziskin
Investment Property Realty Group (IPRG)
36 deals$196.8M volume(646) 872-0121
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Adam Lobel, Zachary Ziskin & Justin Zeitchik DATE: 7/21/2025 ADDRESS: 463 Columbus Avenue MARKET: Upper West Side ASSET TYPE: Mixed-use BUYER: Gorjian Real Estate Group BROKERS: Zachary Ziskin (@Zacharyz_IPRG), Adam Lobel (@AdamLobelRealEstate), Justin Zeitchik - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $4,400,000 UNITS: 12 ~ PPU: $366,666 SF: 10,065 ~ PPSF: $437

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94