New York Multifamily And Marcus & Millichap Complete $15M Sale Of Upper East Side Multifamily Property On 151 East 90th Street
151 East 90th Street, Manhattan, New York, NY, USA
$15,000,000
$389/SF
Building Size
38,500 SF
Asset Type
MultiFamily
Closing
May 24, 2021
AI
A multifamily property located at 151 East 90th Street in the Upper East Side of New York City has been sold for $15,000,000. The property features a total square footage of 38,500, resulting in a price per square foot of $389. The transaction included a total of 42 units, with a per unit price of $357,143.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Market: Upper East Side
The sale of this multifamily property was facilitated by a team of brokers from New York Multifamily and Marcus & Millichap. The brokers involved in the deal were Peter Von Der Ahe, Joe Koicim, Haley Hasho, Danny Handweiler, and Jared Berkey.
It is worth noting that the buyer was able to sign and close the deal within a remarkable timeframe of only two weeks.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93