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
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