facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

380 Columbus Ave, New York,...

Aperture Acquires Property At 380 Columbus Ave New York For $8.95M With Buyer's Rep David Lebenstein
SOLDRetail

Aperture Acquires Property At 380 Columbus Ave New York For $8.95M With Buyer's Rep David Lebenstein

380 Columbus Ave, New York, NY, 100...

$8,950,000

Building Size

Asset Type

Retail

Closing

Sep 25, 2022

AI

The retail condo at 380 Columbus Ave, New York, NY, has been sold for a price of $8,950,000. The property, located in the New York market, has a square footage of 0. It is situated in the Upper West Side Historic District, close to The Museum of Natural History and with easy access to Central Park and Riverside Park.

Summary of transation details:

  • Property Type: Retail Condo
  • Transaction Amount: $8,950,000.00
  • Address: 380 Columbus Ave, New York, NY
  • Market: New York
  • Buyer's Representative: David Lebenstein, Debra Wollens - Cushman & Wakefield
  • Buyer: Aperture
  • Previous Owner's Representative: Adelaide Polsinelli - Compass

Aperture, a not-for-profit foundation established in 1952, connects the photography community and its audiences. The transaction highlights the engaged process in identifying an ideal buyer, resulting in Aperture being chosen due to their strong ties to art and culture. The property was converted into luxury residential condominiums and features architectural details such as oversized arched windows and a restored façade.

Players

Debra Wollens

Cushman & Wakefield

Broker

$9M

vol

4 deals

Broker
Compass
CompassBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.77%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93