Brandon Polakoff And Team Of Avison Young Sell Retail Property At 993-999 3rd Avenue For $11.7M
993-999 3rd Avenue
$11,700,000
$377/SF
Building Size
31,030 SF
Asset Type
Retail
Closing
Sep 28, 2024
About this deal
AI
The retail property located at 993-999 3rd Avenue in the Lenox Hill, Manhattan market has been sold for $11,700,000. This asset boasts a total square footage of 21,030, resulting in a price per square foot of $556.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,700,000
- Address: 993-999 3rd Avenue
- Market: Lenox Hill, Manhattan
- Square Footage: 21,030
- Price Per Square Foot: $556
The transaction involved multiple representatives from Avison Young, including Brandon Polakoff, James Nelson, Brent Glodowski, Edward Nelson, and Kyle Sabath, who facilitated the deal on behalf of their clients.
On the Map
$11,700,000
$377/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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93