Legion Investment Group Acquires Multifamily Property In Carnegie Hill For $21.1M
26 East 84th Street, New York City, New York 10028, United States
$21,122,469
$4,804/SF
Building Size
4,396 SF
Asset Type
MultiFamily
Closing
May 9, 2022
AI
The multifamily property located at 26 East 84th Street in Carnegie Hill has been sold for a price of $21,122,469. The transaction took place on 05/10/2022. The property consists of 8 units, with a price per unit of $2,640,308. The total square footage of the property is 4,400, resulting in a price per square foot of $4,800.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,122,469
- Address: 26 East 84th Street
- Market: Carnegie Hill
- Buyer: Legion Investment Group
- Seller: Kamran Hakim
- Units: 8
- Price per Unit: $2,640,308
- Square Footage: 4,400
- Price per Square Foot: $4,800
The transaction was facilitated by Kamran Hakim as the seller. Victor Sigoura represented the buyer, Legion Investment Group, in the deal.
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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93