Itzhaki Acquisitions Acquires Mixed-Use Property In Midtown East For $14M

A mixed-use retail and residential property located at 224 East 59th Street in Midtown East, New York, has recently been sold for a price of $14,000,000. Spanning across 11,827 square feet, the property offers a combination of retail and residential units. The sale price of $14,000,000 translates to a price per square foot of $1183. The property consists of 17 units, with 6 residential units and 11 furnished apartments, along with one retail tenant, Katagiri.

Summary of transaction details

• Property Type: Mixed-Use Retail Residential
• Transaction Amount: $14,000,000
• Size: 11,827 square feet
• Price Per Square Foot: $1183
• Number of Units: 17 (6 Residential, 11 Furnished Apartments, and 1 Retail Tenant - Katagiri)

Erez Itzhaki, Gil Boosidan, and Clint Olsen were involved in this transaction. Itzhaki Acquisitions, led by Erez Itzhaki, acted as the seller in the deal.