Scott Ostlund Acquires Multifamily Property On East 94th Street, Carnegie Hill
SOLD
$10,862,500
New York
See Similar DealsMultiFamily6,710 SF
Sold 06/28/2022
SOLD
Scott Ostlund Acquires Multifamily Property On East 94th Street, Carnegie Hill
25 East 94th Street, New York City, New York 10128, United States
See Similar DealsMultiFamily6,710 SF
Sold 06/28/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,618
Total Square Footage:6,710 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$579,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,592.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,493.79
Annual Debt Service$617,925.50
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