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Itzhaki Acquisitions Acquires Multi Family Property On UES For $11M From The Blackstone Group

Property Image
SOLD
$11,000,000
Robert (Bob) Knakal
EI

New York

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MultiFamily15,243 SF
Sold 09/20/2018
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Property Image
SOLD

Itzhaki Acquisitions Acquires Multi Family Property On UES For $11M From The Blackstone Group

341 East 62nd Street, New York, NY 10065

See Similar Deals
MultiFamily15,243 SF
Sold 09/20/2018
Robert (Bob) Knakal
EI
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$721
Total Square Footage:15,243 SF
Transaction Type:Sale

The property at 341 East 62nd Street in the Upper East Side (UES) has been sold in a multi-family transaction. The sale took place on September 20, 2018, with a purchase price of $11,000,000. The property spans 15,243 square feet, resulting in a price per square foot of $721.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $11,000,000
  • Address: 341 East 62nd Street
  • Market: UES

The seller of the property is The Blackstone Group in partnership with Fairstead Capital. The buyer is Erez Itzhaki, represented by Itzhaki Acquisitions. The transaction was facilitated by Bob Knakal.

Erez Itzhaki and Gil Boosidan purchased the property from the renowned Caiola portfolio. Additionally, Itzhaki recently acquired a package of four buildings in Williamsburg.

Players

Robert (Bob) Knakal
BK Real Estate Advisors
Robert Knakal
64 deals$3.2B volume(907) 509-9501
BROKER
JLL
JLL
BROKERAGE
EI
Erez Itzhaki
3 deals$23.5M volume
BUYER
Blackstone
Blackstone
SELLER
Fairstead
Fairstead
SELLER
Blackstone
Blackstone
LENDER

Details

SOLD
IMAGE: Jonathan Gray, Erez Itzhaki, Kenneth Caplan, Robert Knakal, Kathleen McCarthy, Stephen Siegel DATE: 09/20/2018 ADDRESS: 341 East 62nd Street MARKET: UES ASSET TYPE: Multi Family SELLER: The @Blackstone Group / Fairstead Capital BUYER: Itzhaki Acquisitions: Erez Itzhaki @erezitzhaki1 BROKER: Bob Knakal SALE PRICE: $11,000,000 SF: 15,243 ~ PPSF: $721 NOTES: Erez Itzhaki & Gil Boosidan purchased the property from the legendary Caiola portfolio. Itzhaki also recently purchased a 4-building Williamsburg package.

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