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118 E 93rd St, New York, NY...

Gazivoda Realty Acquires 38-Unit Multifamily In Carnegie Hill, Manhattan For $27.5M
SOLDMultiFamily

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

Brett Weisblum

Cushman & Wakefield

Broker

$142.5M

vol

16 deals

Broker
GR
Gazivoda RealtyBuyer

Bruno Caruso

Crest Realties

Seller

$35.6M

vol

2 deals

Seller
CR
Crest RealtiesSeller

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