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Jan Hus Presbyterian Church Acquires Multifamily Building In UES For $10.3M

1745 First Avenue
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This MultiFamily property located in NY was sold for $10,300,000 almost 5 years ago. The brokers of the deal were Susan Kahaner, Joseph (Joe) Koicim, Daniel (Danny) Handweiler, Peter Von Der Ahe, Jared Bernstein, and Jennifer Ogden

A commercial elevator building comprised of 4 stores located at 1745 First Avenue in the Upper East Side neighborhood of New York City has been sold in a rare transaction. The property, with a total square footage of 15,000, was delivered vacant to the market. The sale price for this multifamily asset was $10,300,000, resulting in a price per square foot of $686. The property was initially listed for an asking price of $11,500,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $10,300,000
  • Address: 1745 First Avenue, New York City
  • Market: Upper East Side

The seller of the property was Herman Doss, while the buyer was Jan Hus Presbyterian Church. The transaction was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Jared Bernstein, and Danny Handweiler from New York MultiFamily, along with Susan Kahaner and Jennifer Ogden from Avison Young. No additional information about the involvement of the brokers in the deal was provided.

It is worth noting that this sale represents a unique opportunity to acquire a commercial elevator building in a prime location.

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  • Location
    1745 1st Avenue, New York, NY 101281745 1st Avenue, New York, NY 10128
  • Sale Price
    $10,300,000$10,300,000
    $686 PPSF$686 PPSF
  • Area
    15,000 SF15,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    6 Brokers, 3 Agencies6 Brokers, 3 Agencies

Agents

Joseph (Joe) Koicim

Joseph (Joe) Koicim

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Financed$2B

Agencies

Avison Young

Avison Young

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Marcus & Millichap

Marcus & Millichap

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Raven Property Advisors

Raven Property Advisors

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Volume$455.5M

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Deal Summary

SALE IMAGE: Peter Von Der Ahe, Joe Koicim (@Joey1Cap), Danny Handweiler (@Dhandz), Jared Bernstein (@JaredBerns) DATE: 05/15/2019 🥳 ADDRESS: 1745 First Avenue MARKET: UES ASSET TYPE: Multifamily SELLER: Herman Doss BUYER: Jan Hus Presbyterian Church BROKERS: Peter Von Der Ahe, Joe Koicim, Jared Bernstein, Danny Handweiler @NewYorkMultiFamily 👑 & Susan Kahaner, Jennifer Ogden - Avison Young ASKING PRICE: $11,500,000 SALE PRICE: $10,300,000 SF: 15,000 ~ PPSF: $686 👏 NOTE: Rare Transaction - Commercial Elevator Building comprised of 4 Stores, Delivered Vacant.

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1745 First Avenue

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