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26 East 84th Street, New Yo...

Legion Investment Group Acquires Multifamily Property In Carnegie Hill For $21.1M
SOLDMultiFamily

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

LG
Legion Investment GroupBuyer

Kamran Hakim

Seller

$199M

vol

7 deals

Seller

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