Aurora Capital Sells Retail Property At 714 & 720 Lexington Avenue For $16.85M
714 Lexington Avenue
$16,850,000
$1,517/SF
Building Size
11,106 SF
Asset Type
Retail
Closing
Oct 14, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 714 & 720 Lexington Avenue in Manhattan. The sale price was $16,850,000, and the square footage of the asset is 11,106, resulting in a price per square foot of $1,517.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,850,000
- Address: 714 & 720 Lexington Avenue
- Market: Manhattan
- Square Footage: 11,106
- Price per Square Foot: $1,517
- Seller: Aurora Capital
- Broker Representatives: Brent Glodowski, David Shalom & James Nelson - Avison Young
The transaction was managed by brokers Brent Glodowski, David Shalom, and James Nelson, who represented the seller, Aurora Capital, in this deal. These representatives played a crucial role in the completion of the transaction in the Manhattan market.
On the Map
$16,850,000
$1,517/SF
Retail
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Players
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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93