Edmond Safra Of EMS Capital Acquires Retail Property From Leon Dalva For $20M In Lenox Hill
53 East 77th Street
$20,000,000
Building Size
—
Asset Type
Retail
Closing
Nov 8, 2024
AI
The property asset involved in this transaction is located at 53 East 77th Street in the Lenox Hill market. It is categorized as retail and was sold for $20,000,000. The building was previously owned by Dalva Bros., a company known for dealing in historic antiques and 18th-century French furniture.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,000,000
- Buyer: Edmond Safra - EMS Capital
- Seller: Leon Dalva - Dalva Bros
- Broker: Loy Carlos - Nest Seekers International
This transaction was executed by Edmond Safra, who leads the hedge fund EMS Capital. The seller, Leon Dalva, represented Dalva Bros., which has a rich history in dealing antiques. Loy Carlos from Nest Seekers International acted as the broker facilitating the transaction.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93