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25 East 94th Street, New Yo...

Scott Ostlund Acquires Multifamily Property On East 94th Street, Carnegie Hill
SOLDMultiFamily

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

Scott Ostlund

Buyer

$49.6M

vol

3 deals

Buyer

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