Amir Yacobi, Mark Huttman, And Doron Yacobi Acquire Newly Developed Mixed-use Elevator Building In Manhattan
148 E 98th St, New York, NY 10029, USA & 148 E 98th St, New York, NY 10029, USA
Building Size
9,900 SF
Asset Type
Mixed-use
Closing
Apr 16, 2018
About this deal
AI
An elevator building located at 148 East 98th Street in Manhattan has been sold in a closed transaction for a price of $7,050,000. The newly developed mixed-use property spans 9,900 square feet and has a price per square foot of $713. The building consists of 11 units, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Newly Developed Mixed-Use Elevator Building
- Transaction Amount: $7,050,000
- Square Footage: 9,900 sf
- Price per Square Foot: $713
- Address: 148 East 98th Street, New York
- Market: Manhattan
The seller of the property, ZJC 98th Street LLC, represented by Charles Cohen, successfully closed the deal. On the buying side, the property was acquired by Amir Yacobi, Mark Huttman, Doron Yacobi, and Rebar 148 East 98th Street LLC. The involvement of experienced individuals and their business entities in this transaction demonstrates the strong interest and potential of the property.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93