Jose Serruya Acquires Multifamily Property In UES For $11.95M
223 East 89th Street, New York, NY 10128
$11,950,000
$1,141/SF
Building Size
10,471 SF
Asset Type
MultiFamily
Closing
Jun 27, 2019
AI
Located at 223 East 89th Street on the Upper East Side, this multifamily property was recently sold in a closed transaction. The property encompasses approximately 10,471 square feet and was sold for a total price of $11,950,000, resulting in a price per square foot of $1,140. The sale took place on June 28, 2019.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $11,950,000
- Square Footage: 10,471
- Price Per Square Foot: $1,140
- Address: 223 East 89th Street
- Market: UES
The buyer of the property was Jose Serruya, while the seller was JAM Real Estate Partners represented by Jared Pinchasick. The listing agent for the sale was Joe Koicim from New York MultiFamily. Representing the buyer were Ryan Sabet and Yoel Sarraf from VCPRE.
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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93