Gazivoda Realty Acquires 38-Unit Multifamily In Carnegie Hill, Manhattan For $27.5M
118 E 93rd St, New York, NY 10128, USA
$27,500,000
$64/SF
Building Size
428,570 SF
Asset Type
MultiFamily
Closing
Feb 2, 2020
AI
A multifamily property located at 118 East 93rd Street in Carnegie Hill, Manhattan has been sold in a closed transaction. The property spans 42,857 square feet and consists of 38 units. The sale price for this transaction was $27,500,000, resulting in a price per square foot of $636. The buyer of this property is Gazivoda Realty, represented by Anthony Gazivoda. The seller, Crest Realties, was represented by Robert Shapiro, Brett Weisblum, Ian Brooks, Amit Doshi, Jonathan Shainberg, Bruno Caruso, and Andrew Drazin.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $27,500,000
- Square Footage: 42,857
- Price per Square Foot: $636
- Units: 38
- Buyer: Gazivoda Realty - Anthony Gazivoda
- Seller: Crest Realties - Bruno Caruso & Andrew Drazin
- Seller's Representatives: Robert Shapiro, Brett Weisblum, Ian Brooks, Amit Doshi, Jonathan Shainberg
The successful transaction of this multifamily property was facilitated by a team of real estate professionals led by buyer's representative, Anthony Gazivoda, from Gazivoda Realty. The seller, Crest Realties, enlisted the services of a prominent team of representatives including Robert Shapiro, Brett Weisblum, Ian Brooks, Amit Doshi, and Jonathan Shainberg. Together, they ensured a smooth and efficient transaction for both parties involved.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93