Updated Oct 29, 2024
Rybak Development Acquires Upper East Side Development Site For $26M
126 E 86th St., Upper East Side
$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 of New York City has been sold for a price of $26,000,000. The property is zoned as C5-1A and has a lot size of 51.11 ft x 102.17 ft. The total buildable square footage (BSF) is 52,210, resulting in a price per square foot (PPSF) of $498.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $26,000,000
- Market: Upper East Side
- Asset Type: Development Site
- Zoning: C5-1A
The buyer of the development site is Rybak Development, represented by Sergey Rybak. The transaction was facilitated by brokers James Nelson, Alexandra Marolda, Erik Edeen, and Marty Cottingham from Avison Young.
On the Map
$26,000,000
$498/SF
Development Site
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Players
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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