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312-314 East 91st Street, N...

Jason Glick Acquires Multifamily Property On UES For $12.5M
SOLDMultiFamily

Jason Glick Acquires Multifamily Property On UES For $12.5M

312-314 East 91st Street, New York, NY, USA

$12,500,000

$697/SF

Building Size

17,920 SF

Asset Type

MultiFamily

Closing

Dec 5, 2018

AI

The multifamily property located at 312-314 East 91st Street in the UES neighborhood was recently sold for $12,500,000. This property spans a total area of 17,920 square feet, resulting in a price per square foot of $698. The transaction involved the sale of 30 units, with an average price per unit of $416,666.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,500,000
  • Address: 312-314 East 91st Street
  • Market: UES
  • Seller: John Currei
  • Buyer: Jason Glick

The sale of this multifamily property was facilitated by Peter Von Der Ahe, Joe Koicim, Danny Handweiler, and Jared Bernstein, representing Marcus & Millichap. Their expertise and negotiation skills played a crucial role in bringing together the seller, John Currei, and the buyer, Jason Glick, for this successful transaction.

Players

Jared Bernstein

Marcus & Millichap

Broker

$99.6M

vol

13 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

Jason Glick

Buyer

$25.5M

vol

2 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93