The Zar Group Acquires Retail Condo At 1410-1418 Lexington For $6.2M
1410 Lexington Ave, New York, NY 10128, USA
$6,200,000
$124/SF
Building Size
50,000 SF
Asset Type
Retail
Closing
Nov 13, 2018
AI
The retail condo located at 1410-1418 Lexington (aka 134 East 93rd) in the Upper East Side has been sold for a price of $6,200,000. Spanning across 5,000 square feet, this property offers ample space for various business operations. With a price per square foot of $1,250, it presents a lucrative investment opportunity.
Summary of transaction details:
- Property Type: Retail Condo
- Sale Price: $6,200,000
- Square Footage: 5,000
- Price Per Square Foot: $1,250
- Address: 1410-1418 Lexington (aka 134 East 93rd), Upper East Side
The seller of the retail condo was JVL Associates – Ingenito Family, while the buyer was The Zar Group represented by Bobby Zar. The transaction was facilitated by brokers Bunny Escava and Jeffrey Znaty from Kassin Sabbagh Realty.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93