Gary M Katz Sells Retail Property In East Harlem For $4.1M
2005 3rd Avenue, Manhattan, New York, NY, USA
$4,100,000
$745/SF
Building Size
5,500 SF
Asset Type
Retail
Closing
Nov 4, 2021
AI
A retail property located at 2005 3 Avenue in East Harlem, Manhattan has been sold for $4,100,000. The property has a total square footage of 5,500 and a price per square foot of $745. The building has a total square footage of 41,360 with a price per square foot of $99. The property is zoned for R9, C2-5, EHC and has a FAR of 1.00. The lot size is 5,500 square feet with dimensions of 50 ft x 110 ft. The property falls under tax class 4 and has a permit for a sign issued on 10/13/2000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,100,000
- Market: East Harlem, Manhattan
- Seller: Gary M Katz
The deal for the retail property at 2005 3 Avenue was represented by Gary M Katz from an undisclosed agency. The transaction closed on 11/05/2021.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93