Daily limit: 0/10
Jeffrey Olson Of Urban Edge Properties Acquires Upper East Side Condo From Samuel Zell Trust For $10.8M
SOLD
$10,800,000
Michigan
See Similar DealsCondo
Sold 05/14/2025
SOLD
Jeffrey Olson Of Urban Edge Properties Acquires Upper East Side Condo From Samuel Zell Trust For $10.8M
East 82nd Street
See Similar DealsCondo
Sold 05/14/2025
Summary
MICHIGAN
Asset Type:Condo
Transaction Type:Sale
The transaction involved a condo located in the Upper East Side market. The asset was sold for $10,800,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,800,000
- Buyer: Jeffrey Olson - Urban Edge Properties
- Seller: Samuel Zell Administrative Trust
- Date of Sale: 05/14/2025
Jeffrey Olson, the CEO of Urban Edge Properties, executed the purchase of the penthouse from the Samuel Zell Administrative Trust, which is associated with billionaire investor Sam Zell.
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
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)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
Is there something missing? Send suggestions