Gary M Katz Sells Retail Property In East Harlem For $4.1M
SOLD
$4,100,000
New York
See Similar DealsRetail5,500 SF
Sold 11/05/2021
SOLD
Gary M Katz Sells Retail Property In East Harlem For $4.1M
2005 3rd Avenue, Manhattan, New York, NY, USA
See Similar DealsRetail5,500 SF
Sold 11/05/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$745
Total Square Footage:5,500 SF
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
Is there something missing? Send suggestions