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119 East 83rd Street

Michael Manocherian Purchases Mixed-Use Property At 119 East 83rd Street For $7.75M
SOLDMixed-use

Michael Manocherian Purchases Mixed-Use Property At 119 East 83rd Street For $7.75M

119 East 83rd Street

$7,750,000

$665/SF

Building Size

11,645 SF

Asset Type

Mixed-use

Closing

Oct 9, 2025

AI

The property involved in the transaction is a mixed-use asset located at 119 East 83rd Street in the Upper East Side market. The sale price was $7,750,000, with a square footage of 11,645 and a price per square foot of $665.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,750,000
  • Address: 119 East 83rd Street
  • Market: Upper East Side
  • Square Footage: 11,645
  • Price per Square Foot: $665
  • Buyer: Michael Manocherian
  • Seller: Scott Solomon
  • Brokers: Joseph Koicim & Logan Markley - Marcus & Millichap

The transaction featured Michael Manocherian as the buyer and Scott Solomon as the seller. The brokers representing the deal were Joseph Koicim and Logan Markley from Marcus & Millichap.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
Scott Solomon

Scott Solomon

Seller

$7.8M

vol

1 deal

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93