Legion Investment Group Acquires Multifamily Property In Carnegie Hill For $21.1M
SOLD
$21,122,469
New York
See Similar DealsMultiFamily4,396 SF
Sold 05/10/2022
SOLD
Legion Investment Group Acquires Multifamily Property In Carnegie Hill For $21.1M
26 East 84th Street, New York City, New York 10028, United States
See Similar DealsMultiFamily4,396 SF
Sold 05/10/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$4,804
Total Square Footage:4,396 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,126,531.69
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$75,043.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,131.28
Annual Debt Service$1,201,575.35
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