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Bayrock Capital Acquires Mixed-Use Property In Upper East Side For $4.3M

Property Image
SOLD
$4,300,000
Mike Nemirovsky
Brett Weisblum
+ 3

New York

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Mixed-use4,554 SF
Sold 07/21/2020
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Property Image
SOLD

Bayrock Capital Acquires Mixed-Use Property In Upper East Side For $4.3M

419 E 91st St, New York, NY 10128, USA

See Similar Deals
Mixed-use4,554 SF
Sold 07/21/2020
Mike Nemirovsky
Brett Weisblum
+ 3
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$944
Total Square Footage:4,554 SF
Transaction Type:Sale

The mixed-use property located at 419 East 91st Street in the Upper East Side has been sold for a total price of $4,300,000. Spanning across 4,554 square feet, the property was sold at an average price of $944 per square foot.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,300,000
  • Square Footage: 4,554
  • Price per Square Foot: $944
  • Address: 419 East 91st Street
  • Market: Upper East Side

The seller of the property is Emily Lee Spruyt, while the buyer is Bayrock Capital represented by Marc Glassman and Daniel Rabinowitz. The deal was facilitated by brokers Robert M. Shapiro, Ian Brooks, Brett Weisblum, and Mike Nemirovsky from an undisclosed agency.

Players

Mike Nemirovsky
2 deals$9.1M volume(888) 273-0423
BROKER

Brett Weisblum
Cushman & Wakefield
16 deals$142.5M volume
BROKER

Ian Brooks
CBRE
50 deals$431.6M volume(212) 984-8107
BROKER

Robert (Rob) Shapiro
CBRE
78 deals$882.9M volume(212) 984-8082
BROKER


6 deals$70.5M volume
BUYER

Details

SOLD
IMAGE: IMAGE: Robert M. Shapiro, Ian Brooks, Brett Weisblum, Mike Nemirovsky DATE: 07/21/2020 ADDRESS: 419 East 91st Street MARKET: Upper East Side ASSET TYPE: Mixed-use SALE PRICE: $4,300,000 SF: 4,554 PPSF: $944 SELLER: Emily Lee Spruyt BUYER: Bayrock Capital – Marc Glassman & Daniel Rabinowitz BROKERS: Robert M. Shapiro, Ian Brooks, Brett Weisblum, Mike […]

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
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