Updated Oct 28, 2024
Arch Companies Acquires Multifamily Property On 146 East 89th Street For $5.75M
146 East 89th Street, New York City, New York 10128, United States
$5,750,000
$1,064/SF
Building Size
5,404 SF
Asset Type
MultiFamily
Closing
Jul 6, 2022
About this deal
AI
The multifamily property located at 146 East 89th Street in Carnegie Hill has been sold for a price of $5,750,000. The property consists of 8 units and spans across 5,404 square feet. The price per unit is $718,750, while the price per square foot is $1,064.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Address: 146 East 89th Street
- Market: Carnegie Hill
- Buyer: Arch Companies - Jared Chassen
- Seller: Albert Gad
- Units: 8
- Price per Unit: $718,750
- Square Footage: 5,404
- Price per Square Foot: $1,064
Jared Chassen of Arch Companies represented the buyer in this transaction.
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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93