Douglas Eisenberg Acquires Mixed-Use Property On Upper East Side For $72.6M
1543 2nd Avenue, Manhattan, New York, NY, USA
$72,635,223
$588/SF
Building Size
123,524 SF
Asset Type
Mixed-use
Closing
Aug 18, 2021
AI
The mixed-use property located at 1543 2nd Avenue in the Upper East Side of New York City has recently undergone a closed transaction. The property spans a total area of 123,524 square feet and comprises 110 units. The transaction took place on 08/18/2021.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $72,635,223
- Address: 1543 2nd Avenue
- Market: Upper East Side
- Square Footage: 123,524
- Units: 110
The lender involved in this transaction was Mesa West Capital. The landlord of the property is Douglas Eisenberg, who represents A&E Real Estate Holdings.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93