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Edmond Safra Of EMS Capital Acquires Retail Property From Leon Dalva For $20M In Lenox Hill
SOLD
$20,000,000
New York
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Sold
SOLD
Edmond Safra Of EMS Capital Acquires Retail Property From Leon Dalva For $20M In Lenox Hill
53 East 77th Street
See Similar DealsRetail
Sold
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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