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419 E 91st St, New York, NY...

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

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

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

$4,300,000

$944/SF

Building Size

4,554 SF

Asset Type

Mixed-use

Closing

Jul 20, 2020

AI

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

Cushman & Wakefield

Broker

$9.1M

vol

2 deals

Broker

Marc Glassman

Bayrock Capital

Buyer

$59.5M

vol

5 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93