Updated Mar 3, 2025
Remy Issembert Acquires Multifamily Building In Turtle Bay For $4.1M
304 East 52nd Street, Turtle Bay
$4,100,000
$962/SF
Building Size
4,262 SF
Asset Type
MultiFamily
Closing
Nov 19, 2020
About this deal
AI
The multifamily property located at 304 East 52nd Street in the Turtle Bay market has been sold for a price of $4,100,000. The property has a total building square footage (BSF) of 8,236 and a price per BSF (PPBSF) of $497. Additionally, it has a total square footage (SF) of 4,262 and a price per square foot (PPSF) of $961. The property is classified as tax class 2C.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Address: 304 East 52nd Street
- Market: Turtle Bay
- Zoning: R8B
The buyer of the property is Remy Issembert, while the seller is Arbor Realty Trust. The deal was facilitated by brokers Will Conrad and Charlotte Redican from CushWake.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Charlotte Redican to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93