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Uzi Ben Abraham & Yaron Jacobi Of Premier Equities Acquire Condo Tower For $31.3M
SOLD
$31,300,000
New York
See Similar DealsCondo
Sold
SOLD
Uzi Ben Abraham & Yaron Jacobi Of Premier Equities Acquire Condo Tower For $31.3M
200 East 59th Street
See Similar DealsCondo
Sold
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
A 68-unit luxury condo tower located at 200 East 59th Street in Midtown East has been sold for $31.3 million. The price per unit amounts to approximately $460,294, with a total sale involving 68 units.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $31,300,000
- Address: 200 East 59th Street
- Market: Midtown East
- Units: 68
- Price Per Unit: $460,294
- Buyer: Uzi Ben Abraham & Yaron Jacobi - Premier Equities
- Seller: Alpha Investment Partners
Uzi Ben Abraham and Yaron Jacobi, representing Premier Equities, acquired the property from Alpha Investment Partners as recorded in city documents. This transaction highlights the active market for luxury condo developments in the Midtown East area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,669,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$111,202.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$148,377.97
Annual Debt Service$1,780,535.62
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