Updated Sep 23, 2026
Shaun Ajodan Of Shaun Gems International Acquires 44-Unit Multifamily At 243 East 81st Street For $13.8M
243 East 81st Street
$13,800,000
$535/SF
Building Size
25,775 SF
Asset Type
MultiFamily
Closing
Sep 11, 2026
About this deal
AI
The property involved in this transaction is a multifamily residential building located at 243 East 81st Street in the Yorkville neighborhood of Manhattan. The asset encompasses 25,775 square feet and features 44 units, leading to a price per square foot of $535 and a price per unit of $313,636. The sale was completed for $13,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,800,000
- Square Footage: 25,775
- Units: 44
- Price Per Square Foot: $535
- Price Per Unit: $313,636
- Buyer: Shaun Ajodan - Shaun Gems International
- Seller: Estate of Fred Mengoni
Shaun Ajodan of Shaun Gems International is the buyer of the property, acquiring it from the estate of the late owner Fred Mengoni. This transaction highlights the involvement of Shaun Gems International in the purchase of the residential building.
On the Map
$13,800,000
$535/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