Lalezarian Properties Acquires Retail Asset In Murray Hill For $6.8M
SOLD
$6,800,000
New York
See Similar DealsOffice9,298 SF
Sold 04/19/2022
SOLD
Lalezarian Properties Acquires Retail Asset In Murray Hill For $6.8M
567 3rd Avenue, New York City, New York 10016, United States
See Similar DealsOffice9,298 SF
Sold 04/19/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$731
Total Square Footage:9,298 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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