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Amir Shriki Acquires Multifamily Building On Upper East Side For $14.9M

Property Image
SOLD
$14,900,000
Brett Weisblum
Andrew Berry
+ 1

New York

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MultiFamily25,876 SF
Sold 12/29/2021
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Property Image
SOLD

Amir Shriki Acquires Multifamily Building On Upper East Side For $14.9M

240 East 90th Street, New York City, New York 10128, United States

See Similar Deals
MultiFamily25,876 SF
Sold 12/29/2021
Brett Weisblum
Andrew Berry
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$575
Total Square Footage:25,876 SF
Transaction Type:Sale

A multifamily property located at 240 East 90th Street in the Upper East Side has been sold for a total price of $14,900,000. The property consists of 25 units, with an average price per unit of $596,000. The total square footage of the property is 25,876, resulting in a price per square foot of $575. The sale of the property took place on 12/29/2021, and the transaction represents a capitalization rate of 3.78%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $14,900,000
  • Units: 25
  • Price per Unit: $596,000
  • Square Footage: 25,876
  • Price per Square Foot: $575
  • Capitalization Rate: 3.78%

The buyer of the property is Amir Shriki. The transaction was facilitated by Andrew Berry, Brett Weisblum, and Charlie Gravina from Cushman & Wakefield.

Players

Charlie Gravina
21 deals$280.6M volume
BROKER

Andrew Berry
Cushman & Wakefield
33 deals$410.9M volume
BROKER

Brett Weisblum
Cushman & Wakefield
16 deals$142.5M volume
BROKER

Amir Shriki
10 deals$460.3M volume
BUYER

Details

SOLD
IMAGE: Brett Weisblum, Andrew Berry & Charlie Gravina DATE: 12/29/2021 ADDRESS: 240 East 90th Street MARKET: Upper East Side ASSET TYPE: Multifamily BUYER: Amir Shriki BROKERS: Andrew Berry (@ATBerry3) Brett Weisblum (@Brett_Weisblum) & Charlie Gravina (@Chuckee_G) - Cushman & Wakefield SALE PRICE: 14,900,000 UNITS: 25 ~ PPU: $596,000 SF: 25,876 ~ PPSF: $575 CAP: 3.78%

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$52,936.55
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