Updated Feb 11, 2025
Michael Ostad Acquires Multifamily Asset At 166 168 East 104th Street For $6.8M
166 168 East 104th Street
$6,800,000
$507/SF
Building Size
13,408 SF
Asset Type
MultiFamily
Closing
May 19, 2017
About this deal
AI
The property sold is a MultiFamily asset located at 166 168 East 104th Street in New York. The sale occurred on May 19, 2017, for a total price of $6,800,000.00, encompassing a square footage of 13,408.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,800,000.00
- Address: 166 168 East 104th Street
- Market: New York
- Square Footage: 13,408.0
- Broker: Michael Ferrara - Brax Realty
- Buyer: Michael Ostad
This transaction involved Michael Ostad as the buyer, with Michael Ferrara representing the seller through Brax Realty as the broker for the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Ferrara to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93