Updated Sep 9, 2024
NorthGate Real Estate Group Sells Multifamily Property On Upper East Side For $17.3M
162 E 82nd St New York, Ny 10028, Usa
$17,300,000
$879/SF
Building Size
19,670 SF
Asset Type
MultiFamily
Closing
Jun 15, 2023
About this deal
AI
The multifamily property located at 162-164 East 82nd Street in the Upper East Side of Manhattan has been sold for a total price of $17,300,000. This property consists of 37 units, with a price per unit of $467,568. The total square footage of the property is 19,670, with a price per square foot of $880.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,300,000
- Units: 37
- Price per Unit: $467,568
- Total Square Footage: 19,670
- Price per Square Foot: $880
The sale of this property was facilitated by Greg Corbin, Chaya Milworn, and Felix Ades of NorthGate Real Estate Group. These brokers represented both the buyer and the seller in the transaction.
Players
Street 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93