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Premier Equities Acquires Retail Property At 200 East 59th Street For $31.25M

Property Image
SOLD
$31,000,000
Gary Trock
Justin Arzi
Daniel (Dan) Kaplan

New York

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Retail5,000 SF
Sold 04/07/2025
the dealplayerscompscontact
Property Image
SOLD

Premier Equities Acquires Retail Property At 200 East 59th Street For $31.25M

200 East 59th Street

See Similar Deals
Retail5,000 SF
Sold 04/07/2025
Gary Trock
Justin Arzi
Daniel (Dan) Kaplan
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$6,200
Total Square Footage:5,000 SF
Transaction Type:Sale

The retail property located at 200 East 59th Street in the Sutton Place market has been sold for a total of $31,250,000. The asset spans 18,220 square feet, equating to a price per square foot of $1,715.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $31,250,000
  • Address: 200 East 59th Street
  • Market: Sutton Place
  • Sale Price: $31,250,000
  • Square Footage: 18,220
  • Price Per Square Foot: $1,715
  • Buyer: Premier Equities
  • Seller: Alpha Investment Partners
  • Brokers: Daniel Kaplan, Justin Arzi & Gary Trock - CBRE

Key individuals involved in this transaction include the buyer Premier Equities and the seller Alpha Investment Partners, with representation from brokers Daniel Kaplan, Justin Arzi, and Gary Trock from CBRE, facilitating the deal efficiently.

Players

Justin Arzi
CBRE
Justin Arzi
38 deals$1.2B volume(212) 984-7142
BROKER
Daniel (Dan) Kaplan
CBRE
Daniel Kaplan
55 deals$1.7B volume
BROKER
Gary Trock
CBRE
Gary Trock
5 deals$31M volume
BROKER
Premier Equities
Premier Equities
BUYER

Details

SOLD
IMAGE: Gary Trock, Yaron Jacobi, Daniel Kaplan & Justin Arzi DATE: 04/04/2025 ADDRESS: 200 East 59th Street MARKET: Sutton Place ASSET TYPE: Retail BUYER: Premier Equities (@PremierEquities) SELLER: Alpha Investment Partners BROKERS: Daniel Kaplan (@DKap24), Justin Arzi (@Arzigram) & Gary Trock (@GTrock1) - CBRE (@CBRE) SALE PRICE: $31,250,000 SF: 18,220 ~ PPSF: $1,715

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

$1,653,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,955.82
Annual Debt Service$1,763,469.79