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

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.