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Itzhaki Acquisitions Acquires Multi Family Property On UES For $11M From The Blackstone Group

341 East 62nd Street
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This MultiFamily property located in NY was sold for $11,000,000 over 5 years ago. The broker of the deal was Robert (Bob) Knakal

The property at 341 East 62nd Street in the Upper East Side (UES) has been sold in a multi-family transaction. The sale took place on September 20, 2018, with a purchase price of $11,000,000. The property spans 15,243 square feet, resulting in a price per square foot of $721.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $11,000,000
  • Address: 341 East 62nd Street
  • Market: UES

The seller of the property is The Blackstone Group in partnership with Fairstead Capital. The buyer is Erez Itzhaki, represented by Itzhaki Acquisitions. The transaction was facilitated by Bob Knakal.

Erez Itzhaki and Gil Boosidan purchased the property from the renowned Caiola portfolio. Additionally, Itzhaki recently acquired a package of four buildings in Williamsburg.

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Deals
  • Location
    341 East 62nd Street, New York, NY 10065341 East 62nd Street, New York, NY 10065
  • Sale Price
    $11,000,000$11,000,000
    $721 PPSF$721 PPSF
  • Area
    15,243 SF15,243 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Robert (Bob) Knakal

Robert (Bob) Knakal

Deals51
Sold$2.4B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Jonathan Gray, Erez Itzhaki, Kenneth Caplan, Robert Knakal, Kathleen McCarthy, Stephen Siegel DATE: 09/20/2018 ADDRESS: 341 East 62nd Street MARKET: UES ASSET TYPE: Multi Family SELLER: The @Blackstone Group / Fairstead Capital BUYER: Itzhaki Acquisitions: Erez Itzhaki @erezitzhaki1 BROKER: Bob Knakal SALE PRICE: $11,000,000 SF: 15,243 ~ PPSF: $721 NOTES: Erez Itzhaki & Gil Boosidan purchased the property from the legendary Caiola portfolio. Itzhaki also recently purchased a 4-building Williamsburg package.

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341 East 62nd Street

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