Ceasar Salama, Isaac Faur & Izack Lati Of KSR Close $5M Mixed-Use Sale
164 East 61st Street
$5,000,000
$757/SF
Building Size
6,600 SF
Asset Type
Mixed-use
Closing
Jul 2, 2024
AI
The mixed-use property located at 164 East 61st Street in the Upper East Side was recently sold for $5,000,000. Spanning 6,600 square feet, the property was transacted at a price per square foot of $758.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Address: 164 East 61st Street
- Market: Upper East Side
- Brokers: Ceasar Salama, Isaac Faur, and Izack Lati represented by KSR
- SF: 6,600
- PPSF: $758
The deal was facilitated by Ceasar Salama, Isaac Faur, and Izack Lati from KSR. The transaction, which took place on 07/02/2024, involved these key individuals in the successful sale of the mixed-use 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93