Updated Oct 8, 2026
Shaun Ajodan, Ben Ajodan & Jon Ajodan Purchase Multifamily Property At 243 East 81st Street For $13.75M
243 East 81st Street
$13,750,000
$528/SF
Building Size
26,000 SF
Asset Type
MultiFamily
Closing
Sep 15, 2026
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 243 East 81st Street in the Yorkville market of Manhattan. It was sold for a price of $13,750,000, encompassing a total square footage of 26,000. The price per square foot for this transaction is calculated at $528.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $13,750,000
- Address: 243 East 81st Street
- Market: Yorkville, Manhattan
- Square Footage: 26,000
- Price per Square Foot: $528
- Buyer: Shaun Ajodan, Ben Ajodan & Jon Ajodan
- Seller: Estate of Fred Mengoni
- Brokers: Hall Oster, Teddy Galligan & Jonathan Hageman - JLL
The key individuals involved in this transaction include the buyers Shaun Ajodan, Ben Ajodan, and Jon Ajodan, who acquired the property from the seller, the Estate of Fred Mengoni. The brokers facilitating the deal are Hall Oster, Teddy Galligan, and Jonathan Hageman from JLL, representing the interests of the buyer and seller during this transaction.
On the Map
$13,750,000
$528/SF
MultiFamily
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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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93