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David Stern Acquires Package Deal From Bayrock Capital For $48.7M In Manhattan

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SOLD
$48,699,000

New York

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Package Deal42,027 SF
Sold 10/29/2025
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SOLD

David Stern Acquires Package Deal From Bayrock Capital For $48.7M In Manhattan

419 East 91st Street

See Similar Deals
Package Deal42,027 SF
Sold 10/29/2025
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Summary

NEW YORK
Asset Type:Package Deal
Price Per Square Foot:$1,158
Total Square Footage:42,027 SF
Transaction Type:Sale

A package deal consisting of three buildings located at 419 East 91st Street, 160 West 74th Street, and 1055 Hylan Boulevard was sold for a total price of $48,699,000. The properties encompass a total square footage of 42,027, resulting in a price per square foot of $1,158. This transaction took place in the Manhattan market.

Summary of transaction details:

The key individuals in this transaction include David Stern as the buyer and Bayrock Capital representing the seller. The deal was facilitated by brokers Yosef Katz, Erik Yankelovich, and Shlomo Antebi from Atlas Realty Group, emphasizing their involvement in the successful execution of this transaction.

Players

Erik Yankelovich
127 deals$1B volume
BROKER

Yosef Katz
Atlas Realty Group
133 deals$1.1B volume
BROKER

Shlomo Antebi
Atlas Realty Group
138 deals$1B volume
BROKER

Bayrock Capital
SELLER

Details

SOLD
IMAGE: Shlomo Antebi, Yosef Katz & Erik Yankelovich DATE: 10/29/2025 ADDRESS: 419 East 91st Street, 160 West 74th Street & 1055 Hylan Boulevard MARKET: Manhattan ASSET TYPE: Package Deal BUYER: David Stern SELLER: Bayrock Capital BROKERS: Yosef Katz (@Katz.Yosef), Erik Yankelovich (@Eyfromny) & Shlomo Antebi - Atlas Realty Group (@ARG_NYC) SALE PRICE: $48,699,000 SF: 42,027 ~ PPSF: $1,158 NOTE FROM BROKER: This is a 3 building package: Addresses: 419 East 91st Street, 160 West 74th Street, and 1055 Hylan Boulevard

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,597,280.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$173,017.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$230,858.11
Annual Debt Service$2,770,297.26