Yosef Elishayev Of SYU Properties Purchases Retail Asset At 10 East 47th Street For $20M
10 East 47th Street
$20,000,000
$389/SF
Building Size
51,330 SF
Asset Type
Retail
Closing
Aug 3, 2026
About this deal
AI
The retail asset at 10 East 47th Street, located in Midtown East, Manhattan, was sold for a total price of $20,000,000. The property encompasses a total of 51,330 square feet, which includes significant additional air rights. The buyer of the building is Yosef Elishayev, representing SYU Properties, while the seller is an affiliate of Digby Management.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,000,000
- Address: 10 East 47th Street
- Market: Midtown East, Manhattan
- Square Footage: 51,330
- Price Per Square Foot: $390
The transaction occurred on August 3, 2026, with Yosef Elishayev acting on behalf of SYU Properties in the acquisition. The involvement of an affiliate of Digby Management marks the selling entity in this real estate deal.
Players
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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