Updated Dec 21, 2023
Alex Robin Acquires Apartments In Carnegie Hill, Manhattan For $11.65M
163 East 89th Street, Brooklyn, New York 11236, United States
$11,650,000
$590/SF
Building Size
19,734 SF
Asset Type
MultiFamily
Closing
Mar 16, 2022
About this deal
AI
The property at 161 East 89th Street & 163 East 89th Street in Carnegie Hill, Manhattan, has been sold in a transaction. The apartment building is zoned as R8B and has a total of 20,136 square feet, with a price per square foot of $578. The total square footage of the property is 19,734, with a price per square foot of $590.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $11,650,000
- Buyer: Alex Robin
- Seller: Yuct Tong Kong
- Market: Carnegie Hill, Manhattan
- Lot Size: 2,517
- Last Sale Price: $13,000,000 (01/12/2015)
- Permits: Alteration (04/15/2022)
This transaction has a floor area ratio (FAR) of 3.92 and is classified as tax class 2. The lot dimension of the property is 25 ft x 100.67 ft.
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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93