Arch Companies Acquires Multifamily Property On 146 East 89th Street For $5.75M
SOLD
$5,750,000
New York
See Similar DealsMultiFamily5,404 SF
Sold 07/07/2022
SOLD
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
See Similar DealsMultiFamily5,404 SF
Sold 07/07/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,064
Total Square Footage:5,404 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
Annual Debt Service$327,095.20
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