The Real Deal New York

On the market

Commercial properties recently placed on the market

October 06, 2009 02:37PM

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From the October issue: Two contiguous, six-story mixed-use buildings at 1041 and 1057 St.
Nicholas Avenue are on the market with an asking price of $14.9
million. The elevator buildings contain 113 residential units and 14
stores, with a combined frontage of 253 feet on St. Nicholas Avenue
from 162nd to 163rd streets. The asking price for the
109,377-square-foot property represents a price per square foot of
$136, a capitalization rate of 5.5 percent and a gross rent multiple of
8.41. Robert Shapiro, Thomas Donovan and Robert Knakal of Massey Knakal
are marketing the properties. Compiled by Linden Lim

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