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412 East 81st Street

Shlomo Antebi, Erik Yankelovich & Yosef Katz Of Atlas Realty Group Sell Mixed-use Property In Yorkville For $7.65M
SOLDMixed-use

Shlomo Antebi, Erik Yankelovich & Yosef Katz Of Atlas Realty Group Sell Mixed-use Property In Yorkville For $7.65M

412 East 81st Street

$7,800,000

$346/SF

Building Size

22,500 SF

Asset Type

Mixed-use

Closing

Apr 30, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 412 East 81st Street in the Yorkville neighborhood of Manhattan. The sale price for the asset was $7,650,000, with a total of 34 units and a square footage of 22,500. The price per unit is $225,000, while the price per square foot stands at $340.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,650,000
  • Units: 34
  • Square Footage: 22,500
  • Price per Unit: $225,000
  • Price per Square Foot: $340

The deal involved brokers Shlomo Antebi, Erik Yankelovich, and Yosef Katz, who are all representatives from Atlas Realty Group. These individuals played a crucial role in facilitating the transaction within the competitive Yorkville market.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

128 deals

Broker

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

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93