Isaac Chetrit Acquires Mixed-Use Property In Lenox Hill For $9.1M
SOLD
$9,100,000
+ 1
New York
See Similar DealsMixed-use8,300 SF
Sold 04/30/2020
SOLD
Isaac Chetrit Acquires Mixed-Use Property In Lenox Hill For $9.1M
163 E 69th St, New York, NY 10021, USA
See Similar DealsMixed-use8,300 SF
Sold 04/30/2020
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,096
Total Square Footage:8,300 SF
Transaction Type:Sale
The mixed-use property located at 163 East 69th Street in Lenox Hill has been sold for $9,100,000. This property spans across 8,300 square feet, resulting in a price per square foot of $1,096. The transaction was completed on April 30, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,100,000
- Square Footage: 8,300
- Price per Square Foot: $1,096
- Market: Lenox Hill
The buyer of the property is Isaac Chetrit, while the seller is Congregation Achpretvia Tal Chaim Shar Hayushor Inc, represented by Harold Friedlander. The brokers involved in the deal were David Schechtman, Lipa Lieberman, and Abie Kassin from Meridian Capital Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$485,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,330.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,138.64
Annual Debt Service$517,663.71
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