Namdar Realty Group, Klosed Properties, And Adam Hajibai Acquire Mixed-Use Building On Upper East Side For $8M

A mixed-use property consisting of 14 units (12 residential and 2 commercial) has been sold at 128 East 86th Street in the Upper East Side market. The transaction took place on May 28, 2021, with a sale price of $8,000,000. The property spans a total area of 11,925 square feet, resulting in a price per square foot of $670.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $8,000,000
• Address: 128 East 86th Street
• Market: Upper East Side
• Units: 14 (12 Residential & 2 Commercial)

The buyers in this transaction were Namdar Realty Group represented by Igal Namdar, Klosed Properties represented by Steven Kachanian and Adam Hajibai. The seller was Martin Sanders. The deal was facilitated by Aaron Jungreis and Alex Fuchs of Rosewood Realty Group.

Notably, the buyers successfully signed and closed the transaction within a remarkable timeframe of just 5 days. For any future opportunities, please contact Adam Hajibai from Klosed Properties at [email protected] or 516-858-0024.