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1597 York Ave, New York, NY...

Max Koshkerman Acquires UES Multifamily Unit For $6.4M
SOLDMultiFamily

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

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.

Players

Jared Bernstein

Marcus & Millichap

Broker

$99.6M

vol

13 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

2.47%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93