Sei Hoon Chu Acquires Retail Property In Upper East Side For $3M
792 Lexington Avenue, New York City, New York 10065, United States
$3,000,000
$1,424/SF
Building Size
2,106 SF
Asset Type
Retail
Closing
Feb 1, 2022
About this deal
AI
The retail property located at 792 Lexington Avenue in the Upper East Side has been sold for $3,000,000. The transaction took place on February 2, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 792 Lexington Avenue
- Market: Upper East Side
- Square Footage: 2,200
- Price per Square Foot: $1,363
The buyer of the property is Sei Hoon Chu, represented by Cory Zelnik from Zelnik & Co. The seller is Metsch Realty Company, represented by Richard Metsch. Both Marc Sitt and Dorel Melloul from Kassin Sabbagh Realty served as the seller's representatives in the deal.
On the Map
$3,000,000
$1,424/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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93