Updated Dec 21, 2023
SOLDMultiFamily
James Daniels Acquires Multi Family Property On Madison Avenue, New York For $8M
1302 Madison Ave, New York, NY 10128, USA
Building Size
4,521 SF
Asset Type
MultiFamily
Closing
Apr 5, 2018
About this deal
AI
The multi-family property located at 1302 Madison Avenue in New York City's Upper East Side / Carnegie Hill neighborhood has been sold for $8,000,000. The property spans 4,521 square feet, resulting in a price per square foot of $1,769.52.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $8,000,000
- Address: 1302 Madison Avenue
- City: New York
- Market: Upper East Side / Carnegie Hill
- Square Footage: 4,521 sf
- Price per Square Foot: $1,769.52
The seller of the property was Antonina Esposito, while the buyer was James Daniels.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93