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163 E 69th St, New York, NY...

Isaac Chetrit Acquires Mixed-Use Property In Lenox Hill For $9.1M
SOLDMixed-use

Isaac Chetrit Acquires Mixed-Use Property In Lenox Hill For $9.1M

163 E 69th St, New York, NY 10021, USA

$9,100,000

$1,096/SF

Building Size

8,300 SF

Asset Type

Mixed-use

Closing

Apr 29, 2020

AI

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.

Players

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker
Isaac Chetrit

Isaac Chetrit

Sioni Group

Buyer

$1.4B

vol

10 deals

Buyer

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

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93