Updated Oct 10, 2026
Advantage Testing East 88th, LLC Purchases Commercial Property From The Children's Aid Society For $15,000,000
350 East 88th Street
$15,000,000
$853/SF
Building Size
17,566 SF
Asset Type
Commercial
Closing
Apr 18, 2016
About this deal
AI
The commercial asset located at 350 East 88th Street in New York, NY encompasses a total square footage of 17,566. The property was sold for a price of $15,000,000.00.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $15,000,000.00
- Buyer: Advantage Testing East 88th, LLC
- Seller: The Children's Aid Society
- Brokers: Yair Tavivian - Douglas Elliman & Ariel Tavivian - Douglas Elliman
- Sale Date: 04/18/2016
This transaction involved Advantage Testing East 88th, LLC acquiring the property from The Children's Aid Society. Yair Tavivian and Ariel Tavivian from Douglas Elliman represented both parties in this deal.
On the Map
$15,000,000
$853/SF
Commercial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93