Ceasar Salama, Isaac Faur & Izack Lati Of KSR Close $5M Mixed-Use Sale
SOLD
$5,000,000
New York
See Similar DealsMixed-use6,600 SF
Sold 07/02/2024
SOLD
Ceasar Salama, Isaac Faur & Izack Lati Of KSR Close $5M Mixed-Use Sale
164 East 61st Street
See Similar DealsMixed-use6,600 SF
Sold 07/02/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$757
Total Square Footage:6,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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