Isaac Abraham & Rami Ben Yehuda Acquire Mixed-Use Property In Manhattan For $8.85M
86 Clinton Street
$8,850,000
$874/SF
Building Size
10,115 SF
Asset Type
Mixed-use
Closing
Nov 10, 2022
AI
The mixed-use property located at 86 Clinton Street in Manhattan has been sold in a recent transaction. The property spans across 10,115 square feet and was sold for a total price of $8,850,000, resulting in a price per square foot of $875.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $8,850,000
- Address: 86 Clinton Street, Manhattan
- Market: Manhattan
- Buyer: Isaac Abraham & Rami Ben Yehuda
- Seller: Seagram Properties - Dan Conway
- Brokers: Brandon Polakoff, Ryan McGuirl, Noah Kossoff & Joseph Moran - Avison Young
- Square Footage: 10,115
- Price per Square Foot: $875
The transaction involved Isaac Abraham and Rami Ben Yehuda as the buyers, while Seagram Properties represented by Dan Conway acted as the seller. Brandon Polakoff, Ryan McGuirl, Noah Kossoff, and Joseph Moran from Avison Young served as the brokers in this deal.
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
1.79%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93