Updated Oct 12, 2026
Ditmas Management Acquires Multifamily Property On Upper East Side For $55.1M
160 East 89th Street, Manhattan, New York, NY, USA
$55,100,000
$860/SF
Building Size
64,000 SF
Asset Type
MultiFamily
Closing
Dec 6, 2018
About this deal
AI
A multifamily property located at 160 East 89th Street in the Upper East Side of New York City has been sold for a total of $55,100,000. The property consists of 51 units and spans a total of 64,000 square feet. The sale price per square foot was $861.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $55,100,000
- Address: 160 East 89th Street
- Market: Upper East Side
- Units: 51
The seller of the property was William J. Diamond, while the buyer was Ditmas Management. The deal was facilitated by brokers Dan Kaplan and Justin Arzi from CBRE.
On the Map
$55,100,000
$860/SF
MultiFamily
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93