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218 E 85th St, New York, NY...

Investment Group Led By Mautner-Glick Corporation Acquires Property From Herma Stribula For $30M
SOLDMultiFamily

Investment Group Led By Mautner-Glick Corporation Acquires Property From Herma Stribula For $30M

218 E 85th St, New York, NY, 10028

$30,000,000

$800/SF

Building Size

37,500 SF

Asset Type

MultiFamily

Closing

Nov 2, 2017

AI

The property asset involved in this transaction is located at 218 E 85th St, New York, NY, 10028. This asset was sold for a total price of $30,000,000.00 and features a total square footage of 37,500 in the New York market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $30,000,000.00
  • Address: 218 E 85th St, New York, NY, 10028
  • Square Footage: 37,500
  • Market: New York
  • Buyer: Investment Group Led by Mautner-Glick Corporation
  • Seller: Herma Stribula
  • Buyer's Representative: Bryan Smadbeck, Hunter Moss - Cushman & Wakefield

This transaction was facilitated by agents from Cushman & Wakefield, representing the interests of the investment group led by Mautner-Glick Corporation. The deal involved significant collaboration among the parties to successfully close the property transaction.

Players

Hunter Moss

Cushman & Wakefield

Broker

$143.4M

vol

13 deals

Broker
MG
MW Investment GroupBuyer

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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93