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
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