Jay Hennick's Hennick & Company Acquires Retail Condo On Upper East Side For $153M
410 East 60th Street
$153,000,000
Building Size
—
Asset Type
Retail
Closing
Jan 12, 2024
About this deal
AI
The retail condominium at 410 East 60th Street in the Upper East Side has been sold for $153 million. The buyer, Jay Hennick's family office Hennick & Company, acquired the property from Gazit Horizons.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $153,000,000
- Date: 01/12/2024
- Address: 410 East 60th Street
- Market: Upper East Side
Hennick & Company, the family office of Colliers International CEO Jay Hennick, represented the buyer in this transaction. The seller of the retail condominium was Gazit Horizons.
On the Map
$153,000,000
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93