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126 East 86th Street, Brook...

Updated Oct 29, 2024

RybakDev Acquires Development Site On Upper East Side For $26M
SOLDDevelopment Site

RybakDev Acquires Development Site On Upper East Side For $26M

126 East 86th Street, Brooklyn, NY 11236

$26,000,000

$498/SF

Building Size

52,210 SF

Asset Type

Development Site

Closing

Nov 1, 2020

About this deal

AI

A development site located at 126 E 86th St. in the Upper East Side has been sold for a price of $26,000,000. The property, with a lot size of 51.11 ft x 102.17 ft, is zoned as C5-1A. The transaction took place on 11/02/2020. The buyer of the property is Sergey Rybak, who is affiliated with @RybakDev. The deal was facilitated by the brokers James Nelson, Alexandra Marolda, Erik Edeen, and Marty Cottingham from Avison Young. The sale price equates to a price per square foot of $498, with a building square footage of 52,210.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $26,000,000
  • Address: 126 E 86th St., Upper East Side
  • Market: Upper East Side
  • Zoning: C5-1A
  • Buyer: Sergey Rybak (@RybakDev)
  • Brokers: James Nelson, Alexandra Marolda, Erik Edeen, Marty Cottingham - Avison Young
  • Price per Square Foot: $498
  • Lot Size: 51.11 ft x 102.17 ft

The successful transaction of the development site at 126 E 86th St. on the Upper East Side was made possible by the involvement of key individuals and companies. Sergey Rybak, as the buyer, played a crucial role in acquiring the property. Additionally, James Nelson, Alexandra Marolda, Erik Edeen, and Marty Cottingham from Avison Young provided their expertise as brokers in facilitating the deal.

On the Map

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$26,000,000

$498/SF

Development Site

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Players

Martin Cottingham

Avison Young

Broker

$90.5M

vol

9 deals

Broker
Sergey Rybak

Sergey Rybak

RybakDev

Buyer

$544.9M

vol

20 deals

Buyer
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New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $498 per square foot on a published $26M for 52,210 square feet (2020).

Visit Erik Edeen to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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