Cheskie Weisz And Yaakov Klein Of CW Realty Acquire Mixed-use Property For $9.5M

The property asset involved in the transaction is a mixed-use building located at 1361 1st Avenue in the Upper East Side. The sale was completed for a total price of $9,500,000, encompassing a square footage of 8,200 and a price per square foot of $1,159. The building includes 16 units, resulting in a price per unit of $593,750.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $9,500,000
• Address: 1361 1st Avenue
• Market: Upper East Side
• Square Footage: 8,200
• Price per Square Foot: $1,159
• Units: 16
• Price per Unit: $593,750
• Buyer: Cheskie Weisz & Yaakov Klein - CW Realty
• Seller: Kadvan family / Three Kadvans
• Broker: JLL

Cheskie Weisz and Yaakov Klein, a nursing home investor, paid off a $7.5 million foreclosure judgment on the adjacent property at 1363 First Avenue as part of this acquisition involving the adjacent 1361 First Avenue, which is home to Finnegans Wake Pub.