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148 East 24th Street

Updated Oct 27, 2026

Jacobov Brothers Acquire Garage At 148 East 24th Street Kips Bay For $800,000
SOLDGarage

Jacobov Brothers Acquire Garage At 148 East 24th Street Kips Bay For $800,000

148 East 24th Street

$800,000

$39/SF

Building Size

20,384 SF

Asset Type

Garage

Closing

Oct 16, 2026

About this deal

AI

The property asset involved in this transaction is a garage located at 148 East 24th Street in the Kips Bay neighborhood of Manhattan. It was sold for $800,000 and has a total square footage of 20,384. The price per square foot for this transaction was $39. The garage consists of 61 transient automated parking spaces.

Summary of transaction details:

Roni Yaghoobzar represented the Safdie Realty Group in this successful off-market disposition. The transaction was completed rapidly, with an accepted offer secured in less than two weeks, leading to a 15-day Time is of the Essence closing.

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$800,000

$39/SF

Garage

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Players

Roni Yaghoobzar

Safdie Realty Group

Broker

$25.8M

vol

15 deals

Broker

Netanel & Eric Jacobov

Jacobov Brothers

Buyer

$800K

vol

1 deal

Buyer
AutoMotion Parking Systems
AutoMotion Parking SystemsSeller
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New York Garage Market Snapshot

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Deal FAQ

About $39 per square foot on a published $800K for 20,384 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

19.83%

Cash-on-Cash

-5.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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