Updated Dec 21, 2023
Brad Siderow - Douglas Elliman Commercial Sells Mixed-Use Property On Upper East Side For $9.25M
1435 3rd Avenue, New York City, New York 10028, United States
$9,250,000
$936/SF
Building Size
9,874 SF
Asset Type
MultiFamily
Closing
Mar 13, 2022
About this deal
AI
Located in the Upper East Side market, the mixed-use property at 1435 Third Avenue has recently been sold for a transaction amount of $9,250,000. The property spans across 10,000 square feet, resulting in a price per square foot of $925. This sale was facilitated by Brad Siderow of Douglas Elliman Commercial.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,250,000
- Address: 1435 Third Avenue
- Market: Upper East Side
Brad Siderow, representing Douglas Elliman Commercial, played a key role as the broker in this transaction. His expertise and guidance were invaluable in completing the deal successfully.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Douglas Elliman to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93