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10 East 47th Street

Updated Aug 10, 2026

Yosef Elishayev Of SYU Properties Purchases Retail Asset At 10 East 47th Street For $20M
SOLDRetail

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

S
SYUPropertiesBuyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $389 per square foot on a published $20M for 51,330 square feet (2026).

Browse New York retail sales on Traded.

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

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