Akris Acquires Mixed-Use Property On Upper East Side For $17.5M
SOLD
New York
See Similar DealsRetail1,767 SF
Sold 10/24/2022
SOLD
Akris Acquires Mixed-Use Property On Upper East Side For $17.5M
833 Madison Avenue
See Similar DealsRetail1,767 SF
Sold 10/24/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$9,903
Total Square Footage:1,767 SF
Transaction Type:Sale
A mixed-use property located at 833 Madison Avenue in the Upper East Side has recently been sold for a price of $17,500,000. The property spans 9,302 square feet and has a price per square foot of $1,881.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $17,500,000
- Address: 833 Madison Avenue
- Market: Upper East Side
- Buyer: Akris - Peter Kriemler
- Seller: Perry Haberman
- Buyer's Representative: Dan Kaplan & Justin Arzi - CBRE
- Seller's Representative: Hunter Moss - Cushman & Wakefield
- Square Footage: 9,302
- Price per Square Foot: $1,881
The buyer of the property is Akris, represented by Peter Kriemler. The seller is Perry Haberman. CBRE's Dan Kaplan and Justin Arzi acted as the buyer's representatives in the deal, while Hunter Moss from Cushman & Wakefield represented the seller.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
Is there something missing? Send suggestions