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.
On the Map
$6,800,000
$507/SF
MultiFamily
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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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93