Updated Dec 21, 2023
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
About this deal
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.
On the Map
$10,862,500
$1,618/SF
MultiFamily
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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