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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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