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CIM Group Acquires Rental Units/Garage On UES From Crescent Heights For $200M

Property Image
SOLD
$200,000,000
Joseph (Joe) Koicim
Bunny Escava
NW

New York

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Mixed-use20,083 SF
Sold 04/11/2019
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Property Image
SOLD

CIM Group Acquires Rental Units/Garage On UES From Crescent Heights For $200M

165 E 66th St, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use20,083 SF
Sold 04/11/2019
Joseph (Joe) Koicim
Bunny Escava
NW
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$9,958
Total Square Footage:20,083 SF
Transaction Type:Sale

The property at 165 E 66th St in the Upper East Side (UES) was recently sold in a transaction involving rental units and a garage. The sale was completed on 04/12/2019 for a total price of $200 million, resulting in a price per unit of $1,315,789. The property consists of 152 units.

Summary of transation details

  • Property Type: Rental units/ Garage
  • Transaction Amount: $200M
  • Address: 165 E 66th St
  • Market: UES
  • Buyer: CIM Group
  • Seller: Crescent Heights

The deal was facilitated by the brokers involved in the transaction. Bunny Escava and Nicholas Wiggins from KSR, along with Joe Koicim from Marcus & Millichap, represented the buyer and seller. Their expertise and negotiation skills played a role in bringing the transaction to a successful close.

Players

Bunny Escava
Kassin Sabbagh Realty
Bunny Escava
44 deals$1.2B volume(917) 886-7545
BROKER
NW
Kassin Sabbagh Realty
Nicholas Wiggins
1 deal$200M volume(212) 417-9217
BROKER
Joseph (Joe) Koicim
Marcus & Millichap
Joseph Koicim
172 deals$2.7B volume(212) 430-5147
BROKER
CIM Group
CIM Group
BUYER
CH
Crescent Heights
SELLER

Details

SOLD
IMAGE: Shaul Kuba, Avi Shemesh, Bunny Escava & Joe Koicim @Joey1cap DATE: 04/12/2019 ADDRESS: 165 E 66th St MARKET: UES ASSET TYPE: Rental units/ Garage BUYER: CIM Group SELLER: Crescent Heights BROKERS: KSR - Bunny Escava & Nicholas Wiggins & Joe Koicim - Marcus & Millichap PRICE: $200M PPU: $1,315,789 UNITS: 152

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