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225 East 63rd Street

Amir Shriki Acquires Multifamily Property From Carmel Partners For $45 Million In Upper East Side
SOLDMultiFamily

Amir Shriki Acquires Multifamily Property From Carmel Partners For $45 Million In Upper East Side

225 East 63rd Street

$45,000,000

$427/SF

Building Size

105,282 SF

Asset Type

MultiFamily

Closing

Dec 4, 2024

AI

225 East 63rd Street is a multifamily asset situated in the Upper East Side market with a sale price of $45,000,000. The property encompasses a total of 105,282 square feet and consists of 152 rental units, resulting in a price per unit of $296,052 and a price per square foot of $427.

Summary of transaction details:

This transaction involved key individuals such as Amir Shriki representing the buyer, and Carmel Partners as the seller. The deal was brokered by Lipa Lieberman, Abie Kassin, and David Schechtman from Meridian Capital Group along with Ariel Tavivian from Douglas Elliman, highlighting the collaborative efforts of multiple entities in the successful closing of this property transaction.

Players

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker

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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93