Daily limit: 0/10
ZD Jasper Realty Acquires Upper East Side Retail Property From Extell For $24.5M
SOLD
$24,500,000
New York
See Similar DealsRetail
Sold 11/03/2023
SOLD
ZD Jasper Realty Acquires Upper East Side Retail Property From Extell For $24.5M
179 East 86th Street
See Similar DealsRetail
Sold 11/03/2023
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
Extell, the developer behind Billionaires' Row, has sold the property located at 179 East 86th Street in the Upper East Side. The property, which housed Papaya King for nearly 90 years, has been purchased by ZD Jasper Realty for a total of $24.5 million.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $24,500,000
- Address: 179 East 86th Street
- Market: Upper East Side
Jasper Wu, representing ZD Jasper Realty, acted as the buyer in this transaction. Gary Barnett, representing Extell, served as the seller.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99
Is there something missing? Send suggestions