RybakDev Acquires 4 Building Dev Site On Upper East Side For $23M
331 East 82nd Street, New York, NY 10028
$23,000,000
$642/SF
Building Size
35,800 SF
Asset Type
Development Site
Closing
Jan 18, 2019
AI
A 4-building development site located at 331-337 East 82nd Street in the Upper East Side has been sold for a staggering $23,000,000. The buyer, identified as @RybakDev, acquired the property from Sean Lavin, who represents the Townhouse Property Group. The site, which comprises 35,800 square feet, has a price-per-square-foot value of $642. The deal was facilitated by Shay Zach from epic.commercial.realty.
Summary of transaction details
- Property Type: Dev Site
- Transaction Amount: $23,000,000
- Address: 331-337 East 82nd Street, Upper East Side
- Market: Upper East Side
- Seller: Sean Lavin - Townhouse Property Group
- Buyer: @RybakDev
- Broker: Shay Zach - epic.commercial.realty
- BSF: 35,800
- PPBSF: $642
Sergey Rybak captured an image of the property on 01/19/2019, providing a visual representation of the prime development site. This transaction signifies a significant investment opportunity in the desirable Upper East Side market.
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93