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:
- Property Type: Multifamily
- Transaction Amount: $45,000,000
- Units: 152
- Square Footage: 105,282
- Price Per Unit: $296,052
- Price Per Square Foot: $427
- Buyer: Amir Shriki
- Seller: Carmel Partners
- Brokers: Lipa Lieberman, Abie Kassin & David Schechtman - Meridian Capital Group & Ariel Tavivian - Douglas Elliman
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
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