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
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