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

Property Image
SOLD
$8,950,000

New York

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Retail
Sold 09/25/2022
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Property Image
SOLD

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...

See Similar Deals
Retail
Sold 09/25/2022
Contact now

Summary

NEW YORK
Asset Type:Retail
Transaction Type:Sale

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
4 deals$9M volume
BROKER

David Lebenstein
Cushman & Wakefield
13 deals$75.7M volume
BROKER

Compass
BROKERAGE

Details

SOLD
IMAGE: 380 Columbus Ave, New York, NY, 100... MARKET: New York BUYER'S REP: David Lebenstein, Debra Wollens -Cushman & Wakefield BUYER: Aperture PRICE: $8,950,000.00 SF: 0

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$477,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,797.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,427.57
Annual Debt Service$509,130.79