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221 East 83rd Street

Audrey Samz Sells Mixed-Use Property At 221 East 83rd Street For $6M
SOLDMixed-use

Audrey Samz Sells Mixed-Use Property At 221 East 83rd Street For $6M

221 East 83rd Street

$6,000,000

$632/SF

Building Size

9,485 SF

Asset Type

Mixed-use

Closing

Jun 26, 2025

AI

The property involved in this transaction is a mixed-use asset located at 221 East 83rd Street in the Upper East Side market. The sale price of the property was $6,000,000, encompassing a total of 17 units. The property has a square footage of 9,485, resulting in a price per unit of $353,000 and a price per square foot of $632.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,000,000
  • Number of Units: 17
  • Square Footage: 9,485
  • Price Per Unit: $353,000
  • Price Per Square Foot: $632
  • Seller: Audrey Samz
  • Brokers: Rich Velotta, Danny Handweiler & Sam Perry - Raven Property Advisors
  • Date of Transaction: 6/09/2025

The individuals pivotal to this deal include the seller, Audrey Samz, and the brokerage team represented by Rich Velotta, Danny Handweiler, and Sam Perry from Raven Property Advisors. Their involvement facilitated the successful transaction within the real estate market.

Players

Richard Velotta

Raven Property Advisors

Broker

$409M

vol

30 deals

Broker
Raven Property Advisors
Raven Property AdvisorsBrokerage

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93