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151 East 90th Street, Manha...

New York Multifamily And Marcus & Millichap Complete $15M Sale Of Upper East Side Multifamily Property On 151 East 90th Street
SOLDMultiFamily

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

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93