Lalezarian Properties Acquires Retail Asset In Murray Hill For $6.8M
567 3rd Avenue, New York City, New York 10016, United States
$6,800,000
$731/SF
Building Size
9,298 SF
Asset Type
Office
Closing
Apr 18, 2022
AI
A retail property located at 567 Third Avenue in Murray Hill has been sold for $6,800,000. The property spans an area of 9,300 square feet, resulting in a price per square foot of $731.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,800,000
- Address: 567 Third Avenue
- Market: Murray Hill
- Buyer: Lalezarian Properties
- Seller: Evans Cyprus
The buyer of the property is Lalezarian Properties, while the seller is Evans Cyprus.
Note: No additional details concerning this transaction were provided.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93