Scott Ostlund Acquires Multifamily Property On East 94th Street, Carnegie Hill
25 East 94th Street, New York City, New York 10128, United States
$10,862,500
$1,618/SF
Building Size
6,710 SF
Asset Type
MultiFamily
Closing
Jun 27, 2022
AI
The multifamily property located at 25 East 94th Street in Carnegie Hill has been sold in a recent transaction. The sale took place on June 28, 2022, with a sale price of $10,862,500. The property consists of 6 units, with a price per unit of $1,810,416. The total square footage of the property is 6,710, resulting in a price per square foot of $1,618.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,862,500
- Units: 6
- Price per Unit: $1,810,416
- Total Square Footage: 6,710
- Price per Square Foot: $1,618
The buyer of the property is Scott Ostlund, and the seller is Markos Drakotos.
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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93