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
About this deal
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.
On the Map
$7,750,000
$665/SF
Mixed-use
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Players
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