Lisa M Haines Acquires Retail Property In Carnegie Hill, Manhattan For $21M
1530 3rd Avenue, New York City, New York 10028, United States
$21,000,000
$4,200/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Nov 29, 2021
About this deal
AI
The retail property located at 1530 3 Avenue in Carnegie Hill, Manhattan has been sold in a recent transaction. The property sits on a lot size of 5,000 square feet with dimensions of 50 ft x 100 ft. The zoning designation for the property is C2-8A, allowing for a variety of commercial uses. The transaction took place on November 30, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $21,000,000
- Building Square Footage: 50,000
- Price per Square Foot: $420
- Lot Size: 5,000
- Last Sale Price: $0 (3/18/1988)
The buyer of the property is Lisa M Haines, while the seller is Jerrold G Levy. The property has a floor area ratio (FAR) of 1.00 and is classified under tax class 4. The price per square foot for the property is $4,200, and the sale price of $21,000,000 reflects the overall value of the transaction.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93