Updated Sep 9, 2024
Max Koshkerman Acquires UES Multifamily Unit For $6.4M
1597 York Ave, New York, NY 10028, USA
$6,410,000
$773/SF
Building Size
8,290 SF
Asset Type
MultiFamily
Closing
Jul 11, 2018
About this deal
AI
An 18-unit multifamily property located at 1597 York Avenue in the Upper East Side (UES) neighborhood of New York City has been sold for $6,410,000. The property spans 8,290 square feet, resulting in a price per square foot of $773. Each unit was sold for an average price of $356,111.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,410,000
- Square Footage: 8,290
- Price per Square Foot: $773
- Number of Units: 18
- Price per Unit: $356,111
The seller of the property is Robert Seiden, representing Arkar, Inc., while the buyer is Max Koshkerman. The deal was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Danny Handweiler, and Jared Bernstein.
On the Map
$6,410,000
$773/SF
MultiFamily
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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
2.47%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93