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3 East 48th Street

Adam Behlman Of LNR Partners Sells Midtown Manhattan Retail Building For $9.5M
SOLDRetail

Adam Behlman Of LNR Partners Sells Midtown Manhattan Retail Building For $9.5M

3 East 48th Street

$9,500,000

$646/SF

Building Size

14,700 SF

Asset Type

Retail

Closing

Apr 3, 2026

AI

A retail building located at 3 East 48th Street in Midtown Manhattan was sold for $9,500,000. The property encompasses a total of 14,700 square feet, translating to a price per square foot of $646.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,500,000
  • Address: 3 East 48th Street
  • Market: Midtown Manhattan
  • Seller: Adam Behlman - LNR Partners

This transaction highlights Adam Behlman representing LNR Partners in the sale of the property, which marks a notable commercial real estate deal in the area.

Players

LP
LNR PartnersSeller

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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93