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86 Clinton Street

Isaac Abraham & Rami Ben Yehuda Acquire Mixed-Use Property In Manhattan For $8.85M
SOLDMixed-use

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:

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

Noah Kossoff

Avison Young

Broker

$385.1M

vol

35 deals

Broker
Isaac Abraham

Isaac Abraham

Buyer

$160.8M

vol

15 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

1.79%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93