Uzi Ben Abraham & Yaron Jacobi Of Premier Equities Acquire Condo Tower For $31.3M
200 East 59th Street
$31,300,000
Building Size
—
Asset Type
Condo
Closing
Apr 4, 2025
AI
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.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93