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Mixed Use

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164 East 61st Street

Ceasar Salama, Isaac Faur & Izack Lati Of KSR Close $5M Mixed-Use Sale
SOLDMixed-use

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:

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

Ceasar Salama

Kassin Sabbagh Realty

Broker

$383.1M

vol

32 deals

Broker

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