EMS Capital Acquires Retail Space At 38 East 61st Street From Mosbacher Properties Group For $9.1M

The property involved in this transaction is a retail asset located at 38 East 61st Street, Manhattan. The deal was finalized for a sale price of $9,100,000, encompassing a total square footage of 19,897, which translates to a price per square foot of $457.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $9,100,000
• Address: 38 East 61st Street
• Market: Manhattan
• Square Footage: 19,897
• Price per Square Foot: $457
• Buyer: EMS Capital
• Seller: Mosbacher Properties Group
• Broker Representatives: Josef Yadgarov & Paul Wexler - Wexler Healthcare Properties; Daniel Kaplan & Justin Arzi - CBRE

EMS Capital acted as the buyer in this transaction, while Mosbacher Properties Group was the seller. The broker representatives facilitating this deal were Josef Yadgarov and Paul Wexler from Wexler Healthcare Properties, along with Daniel Kaplan and Justin Arzi from CBRE.