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
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