Updated Jan 30, 2024
Dore Friedman And Mordehy Haber Acquire Multifamily Property In Carnegie Hill For $8M
118 East 91st Street, New York City, New York 10128, United States
$8,000,000
$582/SF
Building Size
13,732 SF
Asset Type
MultiFamily
Closing
Sep 22, 2021
About this deal
AI
The multifamily property located at 118 East 91 Street in Carnegie Hill has been sold. The transaction took place on September 23, 2021. The property falls under the R8B zoning category and has a total buildable area of 16,108 square feet, resulting in a price per buildable square foot (PPBSF) of $496. The total square footage of the property is 13,732, with a price per square foot (PPSF) of $582. The property has a floor area ratio (FAR) of 3.41 and falls under tax class 2. The lot size is 4,027 square feet, and the lot dimensions measure 40 feet by 100.67 feet. The property has a permit for alteration 3 dating back to June 27, 2001.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Buyer: Dore Friedman and Mordehy Haber
- Seller: Loretta Harvey
The buyers involved in this transaction are Dore Friedman and Mordehy Haber. They acquired the property from the seller, Loretta Harvey. The deal was closed at a price of $8,000,000. The transaction involved a buyer's representative, Dore Friedman, and Mordehy Haber's representative. The property's prime location in Carnegie Hill and its favorable zoning specifications make it an attractive investment opportunity.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93