HubbNYC Acquires Retail Condo On Upper East Side From Joshua Halegua - Citi-Urban Management
150 E 85th St, New York, NY 10028, USA
$14,500,000
$147/SF
Building Size
98,420 SF
Asset Type
Retail
Closing
Dec 18, 2019
About this deal
AI
A retail condo located at 150 East 85th Street in the Upper East Side was recently sold for a transaction price of $14,500,000. This property spans an area of 9,842 square feet, resulting in a price per square foot of $1,473.
Summary of transaction details
- Property Type: Retail condo
- Transaction Amount: $14,500,000
- Square Footage: 9,842 sqft
- Price Per Square Foot: $1,473
- Address: 150 East 85th Street
- Market: Upper East Side
The buyer of this retail condo was @HubbNYC, while the seller was Joshua Halegua, represented by Citi-Urban Management.
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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93