Updated Sep 5, 2024
Tony Popaj Acquires 26-Unit Multifamily In New York City For $3M
184 Mount Eden Parkway
$3,000,000
$129/SF
Building Size
23,185 SF
Asset Type
MultiFamily
Closing
Mar 30, 2023
About this deal
AI
An off-market multifamily property located at 184 Mount Eden Parkway in New York City has been sold for a price of $3,000,000. The property consists of 26 units, with an average price per unit of $115,385. The total square footage of the property is 23,185, resulting in a price per square foot of $129.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,000,000
- Units: 26
- Price per Unit: $115,385
- Square Footage: 23,185
- Price per Square Foot: $129
The buyer of the property is Tony Popaj, while the seller is Stu Morgan. The deal was facilitated by three brokers from the Rosewood Realty Group: Aaron Jungreis, Ben Khakshoor, and Alex Fuchs.
Players
Market 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93