Rybak Development Acquires Upper East Side Development Site For $26M
SOLD
$26,000,000
New York
See Similar DealsDevelopment Site52,210 SF
Sold
SOLD
Rybak Development Acquires Upper East Side Development Site For $26M
126 E 86th St., Upper East Side
See Similar DealsDevelopment Site52,210 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$498
Total Square Footage:52210 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
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