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243 East 81st Street

Updated Oct 8, 2026

Shaun Ajodan, Ben Ajodan & Jon Ajodan Purchase Multifamily Property At 243 East 81st Street For $13.75M
SOLDMultiFamily

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:

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

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$13,750,000

$528/SF

MultiFamily

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Players

Jonathan Hageman

JLL

Broker

$2.6B

vol

62 deals

Broker

Shaun Ajodan

Buyer

$46.4M

vol

5 deals

Buyer
EM
Estate of Fred MengoniSeller
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $528 per square foot on a published $13.8M for 26,000 square feet (2026).

Visit Jonathan (Jon) Hageman to view all their deals.

Browse New York multifamily sales on Traded.

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

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