Updated Oct 29, 2024
Lycee Francais De New York Acquires Multifamily Property On Upper East Side For $18.1M
1414 York Avenue, Manhattan, New York, NY, USA
$18,100,000
$1,017/SF
Building Size
17,787 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
About this deal
AI
The multifamily property located at 1414 York Avenue on the Upper East Side of New York City has been sold for $18,100,000. The transaction took place on March 12, 2021. The property has a total square footage of 17,787, resulting in a price per square foot of $1,017. The buyer of the property is Lycee Francais de New York, while the seller is The Musano Family. The property is situated in a prime location in the Upper East Side market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,100,000
- Address: 1414 York Avenue
- Market: Upper East Side
The deal was facilitated by Stephan Haimo, who represented the buyer, Lycee Francais de New York, and the seller, The Musano Family.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93