facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

110 East 84th Street, New Y...

Justin Amirian Acquires Apartment In Carnegie Hill, Manhattan For $6.56M
SOLDMultiFamily

Justin Amirian Acquires Apartment In Carnegie Hill, Manhattan For $6.56M

110 East 84th Street, New York City, New York 10028, United States

$6,562,500

$601/SF

Building Size

10,914 SF

Asset Type

MultiFamily

Closing

Apr 28, 2022

AI

The property at 110 East 84th Street in Carnegie Hill, Manhattan was recently sold in a closed transaction. The apartment is zoned as R8B and has a building square footage (BSF) of 16,412. The price for the property was $6,562,500, with a price per building square footage (PPBSF) of $399. The total square footage (SF) of the property is 10,914, resulting in a price per square footage (PPSF) of $601. The property has a floor area ratio (FAR) of 2.66 and is classified under tax class 2.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $6,562,500
  • BSF: 16,412
  • PPBSF: $399
  • SF: 10,914
  • PPSF: $601
  • Zoning: R8B
  • Tax Class: 2

The buyer of the property is Justin Amirian, and the seller is Albert Kalimian. The lot size of the property is 4,103, with dimensions of 40.17ft x 102.17ft. An alteration permit was issued on January 15, 2020.

Players

Justin Amirian

Buyer

$38M

vol

3 deals

Buyer

Albert Kalimian

Seller

$760.5M

vol

13 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.42%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93