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118 East 91st Street, New Y...

Updated Jan 30, 2024

Dore Friedman And Mordehy Haber Acquire Multifamily Property In Carnegie Hill For $8M
SOLDMultiFamily

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

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $582 per square foot on a published $8M for 13,732 square feet (2021).

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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

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