Rosemark Acquires Retail Property At 1501 3rd Avenue From SMA Equities For $7.8M
1501 3rd Avenue
$7,800,000
$1,048/SF
Building Size
7,443 SF
Asset Type
Retail
Closing
Apr 30, 2025
About this deal
AI
The retail property located at 1501 3rd Avenue in the Upper East Side has been sold for $7,800,000. This asset spans a total of 7,443 square feet, resulting in a price per square foot of $1,047.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,800,000
- Address: 1501 3rd Avenue
- Market: Upper East Side
- Square Footage: 7,443
- Price per Square Foot: $1,047
- Buyer: Rosemark
- Seller: SMA Equities
- Brokers: Eric Karmitz, Brent Glodowski & Alexandra Marolda - Avison Young
The transaction features notable individuals from Avison Young representing the brokers involved in the deal, which are Eric Karmitz, Brent Glodowski, and Alexandra Marolda. Their involvement facilitated the successful transfer of the property from the seller, SMA Equities, to the buyer, Rosemark.
On the Map
$7,800,000
$1,048/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Eric Karmitz to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93