Sei Hoon Chu Acquires Retail Property In Upper East Side For $3M
SOLD
$3,000,000
New York
See Similar DealsRetail2,106 SF
Sold
SOLD
Sei Hoon Chu Acquires Retail Property In Upper East Side For $3M
792 Lexington Avenue, New York City, New York 10065, United States
See Similar DealsRetail2,106 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1424
Total Square Footage:2106 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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