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308 East 86th St, New York,...

Izaki Group - Eldad Blaustein Acquires Mixed-Use Property In Manhattan For $12.5M
SOLDMixed-use

Izaki Group - Eldad Blaustein Acquires Mixed-Use Property In Manhattan For $12.5M

308 East 86th St, New York, NY 10028, USA

Building Size

4,185 SF

Asset Type

Mixed-use

Closing

Jan 11, 2018

AI

Located at 308 East 86 Street in Manhattan, this mixed-use property was recently sold for a price of $12,488,851. Spanning a total area of 4,185 square feet, the property was sold for an average price per square foot of $2,984.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $12,488,851
  • Address: 308 East 86 Street, New York
  • Market: Manhattan

The seller of this property was the Livanos Family, while the buyer was Izaki Group represented by Eldad Blaustein. It is worth noting that this transaction is part of a larger assemblage, with Izaki also owning properties at 310 to 314 E 86th that were previously purchased from Gary Barnett.

Players

Eldad Blaustein

Buyer

$84.1M

vol

3 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93