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201 E 76th St, New York, NY...

Philip Silverman, Mark Weiss, Bob Knakal, And Joel Papo Acquires Development Site On Upper East Side In New York
SOLDDevelopment Site

Philip Silverman, Mark Weiss, Bob Knakal, And Joel Papo Acquires Development Site On Upper East Side In New York

201 E 76th St, New York, NY 10075, USA

$232,000,000

$23,905/SF

Building Size

9,705 SF

Asset Type

Development Site

Closing

Aug 5, 2018

AI

A development site located in the Upper East Side of New York has been sold in a closed property transaction. The site spans from East 76th Street to East 77th Street, including the properties at 201-203 East 76th Street, 1339 Third Avenue, 1345 Third Avenue, 200 East 77th Street, and 202 East 77th Street. The transaction took place on August 6, 2018.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Date: August 6, 2018
  • Address: East 76th Street to East 77th Street (including 201-203 East 76th Street, 1339 Third Avenue, 1345 Third Avenue, 200 East 77th Street, and 202 East 77th Street)
  • City: New York
  • Market: Upper East Side

The deal involved several key individuals including Philip Silverman, Mark Weiss, Bob Knakal, and Joel Papo. Other individuals and companies involved in the transaction were not disclosed in the provided information.

Players

Joel Papo

Broker

$232M

vol

1 deal

Broker
JLL
JLLBrokerage

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93