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Shaun Ajodan Acquires Yorkville Multifamily For $7.3M
SOLD
New York
See Similar DealsMultiFamily7,300 SF
Sold 06/23/2023
SOLD
Shaun Ajodan Acquires Yorkville Multifamily For $7.3M
1711 Second Avenue New York, New York 10128, USA
See Similar DealsMultiFamily7,300 SF
Sold 06/23/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:7,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$389,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69
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