Avison Young Brokers Brandon Polakoff Brent Glodowski Kyle Sabath Edward Nelson Sell Retail Space For $8.575M In Upper East Side
SOLD
$8,575,000
+ 1
New York
See Similar DealsRetail5,652 SF
Sold
SOLD
Avison Young Brokers Brandon Polakoff Brent Glodowski Kyle Sabath Edward Nelson Sell Retail Space For $8.575M In Upper East Side
1465 3rd Avenue
See Similar DealsRetail5,652 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1517
Total Square Footage:5652 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$457,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,465.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,649.87
Annual Debt Service$487,798.50
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