Izaki Group Investments Acquires East 86th Street Apartment/Retail Property From Extell For $42M
314 East 86th St, New York, NY 10028, USA
Building Size
71,240 SF
Asset Type
Retail
Closing
Mar 1, 2017
AI
The property involved in this closed transaction is located at 310, 312, and 314 East 86th Street in New York City's Manhattan market. It is a combination of apartment and retail units.
Summary of transaction details
- Property Type: Apartment/Retail
- Transaction Amount: $42,000,000
- Existing Square Footage: 16,240 - Price per Square Foot: $2,586
- Total Square Footage: 71,240 - Price per Build-able Square Foot: $589
The seller in this transaction was Extell, while the buyer was Izaki Group Investments / ELDAD BLAUSENSTEIN. The deal was facilitated by broker JLL, represented by Yoav Oelbaum.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93