facebook
Traded Co logo
Submit

Salvatore Gaudio Acquires Multifamily Property In Yorkville, Manhattan For $6.8M

Property Image
SOLD
$6,800,000

New York

See Similar Deals
MultiFamily11,820 SF
Sold 10/28/2021
the dealplayerscompscontact
Property Image
SOLD

Salvatore Gaudio Acquires Multifamily Property In Yorkville, Manhattan For $6.8M

300 East 81st Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily11,820 SF
Sold 10/28/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$575
Total Square Footage:11,820 SF
Transaction Type:Sale

The multifamily property located at 300 & 304 East 81 Street in Yorkville, Manhattan, has been sold. The transaction took place on October 28, 2021. The property is zoned as C1-9 and has a total of 32,170 buildable square feet (BSF) at a price of $211 per BSF. The total square footage (SF) of the property is 11,820, with a price per square foot (PPSF) of $575.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,800,000
  • Market: Yorkville, Manhattan

The buyer of the property is Salvatore Gaudio, and the seller is Mitchel Maidman. The property has a floor area ratio (FAR) of 3.77 and falls under tax class 2. The lot size is 3,217 square feet, with lot dimensions of 43 ft x 77 ft. The property has previously obtained an alteration permit on December 8, 2015, under Alteration 2.

Players

6 deals$39.5M volume
BUYER

5 deals$53.9M volume
SELLER

Details

SOLD
IMAGE: 10/28/2021 ADDRESS: 300 & 304 East 81 Street MARKET: Yorkville,Manhattan ASSET TYPE: Multifamily ~ ZONING: C1-9 BUYER: Salvatore Gaudio SELLER: Mitchel Maidman PRICE: $6,800,000 BSF: 32,170 ~ PPBSF: $211 SF: 11,820 ~ PPSF: $575 FAR: 3.77 TAX CLASS: 2 LOT SIZE: 3,217 PERMITS: Alteration 2 (12/08/2015) LOT DIMENSION: 43 ft x 77 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$362,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63