Updated Oct 29, 2024
Aaron Jungreis Acquires Multifamily Property On East 80th Street For $2.95M
129 East 80th Street, New York, NY 10075
$2,950,000
$163/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
May 23, 2019
About this deal
AI
A multifamily property located at 129 East 80th Street in Manhattan has been sold for a total price of $2,950,000. The property has a building square footage (BSF) of 18,000 and a price per BSF (PPBSF) of $163. The transaction took place on May 24, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Address: 129 East 80th Street, Manhattan
- Market: Manhattan
The buyer of the property is Aaron Jungreis. The seller is Orley Holding Corp, represented by Boley Family. The broker for this transaction is Mike Kerwin of Rosewood Realty Group NY.
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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93