facebook
Traded Co logo
Submit

Arch Companies Acquires Multifamily Property On 146 East 89th Street For $5.75M

Property Image
SOLD
$5,750,000

New York

See Similar Deals
MultiFamily5,404 SF
Sold 07/07/2022
the dealdetailscomps
Property Image
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 Deals
MultiFamily5,404 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

SOLD
IMAGE: Jared Chassen DATE: 07/07/2022 ADDRESS: 146 East 89th Street MARKET: Carnegie Hill ASSET TYPE: Multifamily BUYER: Arch Companies (@ArchCompanies) - Jarred Chassen (@JChassen1) SELLER: Albert Gad SALE PRICE: $5,750,000 UNITS: 8 ~ PPU: $718,750 SF: 5,404 ~ PPSF: $1,064

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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