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
About this deal
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
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