Updated Oct 28, 2024
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
About this deal
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