David Halberstam Purchases Single-Tenant Family Office On Upper East Side For $9.15M
115 East 69th Street
$9,150,000
$916/SF
Building Size
9,981 SF
Asset Type
Office
Closing
Jun 10, 2026
AI
The asset involved in this transaction is a single-tenant family office located at 115 East 69th Street in the Upper East Side market. The property was sold for $9,150,000, encompassing a total area of 9,981 square feet, translating to a price per square foot of $916.
Summary of transaction details:
- Property Type: Single-Tenant Family Office
- Transaction Amount: $9,150,000
- Address: 115 East 69th Street
- Market: Upper East Side
- Square Footage: 9,981
- Price Per Square Foot: $916
- Buyer: David Halberstam
- Seller: Landmark Management
- Buyer's Representative: HPNY
- Seller's Representative: John J. Stewart & Dylan Torey - Marcus & Millichap
This transaction involved key personnel, including buyer David Halberstam and seller Landmark Management, with representation provided by HPNY for the buyer and John J. Stewart alongside Dylan Torey from Marcus & Millichap representing the seller.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.73%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93