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1711 Second Avenue New York...

Shaun Ajodan Acquires Yorkville Multifamily For $7.3M
SOLDMultiFamily

Shaun Ajodan Acquires Yorkville Multifamily For $7.3M

1711 Second Avenue New York, New York 10128, USA

$7,300,000

$1,000/SF

Building Size

7,300 SF

Asset Type

MultiFamily

Closing

Jun 23, 2023

AI

Shaun Ajodan has purchased an eight-unit residential walkup building in Manhattan's Yorkville neighborhood for $7.3 million from Aryeh Realty. The property, located at 1711 Second Ave., offers 7,300 square feet of built space.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $7,300,000
  • Units: 8
  • Price per Unit (PPU): $912,500
  • Building Square Footage (BSF): 18,740
  • Price per BSF (PPBSF): $390
  • Land Square Footage (SF): 7,300
  • Price per SF (PPSF): $1,000

Shaun Ajodan, represented by 's REP, finalized the purchase of the property from Aryeh Realty, represented by Brandon Aryeh.

Players

Shaun Ajodan

Buyer

$18.8M

vol

3 deals

Buyer

Brandon Aryeh

Aryeh Realty

Seller

$48.8M

vol

4 deals

Seller

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

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93