Updated Dec 4, 2024
@HUBBNYC Acquires Multifamily Property In Yorkville For $7M
306 East 89th Street, Manhattan, New York, NY, USA
$7,000,000
$763/SF
Building Size
9,165 SF
Asset Type
MultiFamily
Closing
Nov 9, 2021
About this deal
AI
The multifamily property located at 306 E. 89th St. in Yorkville has been sold for $7,000,000. The transaction took place on 11/9/2021. The property spans 9,165 square feet, resulting in a price per square foot of $764. The previous sale of the property occurred in July 2004 for a price of $3,428,078.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Date: 11/9/2021
- Address: 306 E. 89th St.
- Market: Yorkville
- Square Footage: 9,165
- Price Per Square Foot: $764
- Last Sale Price: $3,428,078 (7/2004)
The buyer of the property is @HUBBNYC.
Note: No additional information was provided.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93