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1465 3rd Avenue

Avison Young Brokers Brandon Polakoff Brent Glodowski Kyle Sabath Edward Nelson Sell Retail Space For $8.575M In Upper East Side
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Avison Young Brokers Brandon Polakoff Brent Glodowski Kyle Sabath Edward Nelson Sell Retail Space For $8.575M In Upper East Side

1465 3rd Avenue

$8,575,000

$1,517/SF

Building Size

5,652 SF

Asset Type

Retail

Closing

Jul 13, 2024

AI

The retail property located at 1465 3rd Avenue in the Upper East Side market has been sold for $8,575,000. The asset spans a total of 5,652 square feet, resulting in a price per square foot of $1,517.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,575,000
  • Square Footage: 5,652 SF
  • Price Per Square Foot: $1,517
  • Address: 1465 3rd Avenue
  • Market: Upper East Side

The transaction involved brokers Brandon Polakoff, Brent Glodowski, Kyle Sabath, and Edward Nelson, all of whom are affiliated with Avison Young.

Players

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker

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

1.85%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93