Nadav Hamo Acquires Retail Property In Lenox Hill, Manhattan From Gary Katz For $5.75M
SOLD
$5,750,000
New York
See Similar DealsRetail6,996 SF
Sold 04/19/2022
SOLD
Nadav Hamo Acquires Retail Property In Lenox Hill, Manhattan From Gary Katz For $5.75M
418 East 75th Street, New York City, New York 10021, United States
See Similar DealsRetail6,996 SF
Sold 04/19/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$821
Total Square Footage:6,996 SF
Transaction Type:Sale
The retail property located at 418 East 75th Street in Lenox Hill, Manhattan has been sold for the price of $5,750,000. The asset spans across 6,996 square feet, resulting in a price per square foot of $821. The lot size measures 3,831 square feet with dimensions of 37.50 ft x 102.17 ft.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,750,000
- Market: Lenox Hill, Manhattan
- Zoning: R8B
- Square Footage: 6,996
- Price per Square Foot: $821
- Lot Size: 3,831 square feet
- Lot Dimension: 37.50 ft x 102.17 ft
The buyer in this transaction is Nadav Hamo, and the seller is Gary Katz.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
Annual Debt Service$327,095.20
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