Efficiency Capital Advisors Acquires Multifamily Property In Yorkville For $10.2M
SOLD
New York
See Similar DealsMultiFamily8,395 SF
Sold 01/07/2021
SOLD
Efficiency Capital Advisors Acquires Multifamily Property In Yorkville For $10.2M
312 East 83rd Street, New York, NY, USA
See Similar DealsMultiFamily8,395 SF
Sold 01/07/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,213
Total Square Footage:8,395 SF
Transaction Type:Sale
A multifamily property located at 312 East 83rd Street in Yorkville has been sold in a recent transaction. The property spans across 8,395 square feet and was sold for a price of $10,183,250, resulting in a price per square foot of $1,213. The sale was finalized on January 7, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,183,250
- Address: 312 East 83rd Street
- Market: Yorkville
Efficiency Capital Advisors represented by William Crable acted as the buyer in this deal. The seller of the property was the Ventura Family.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$543,106.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,178.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,273.80
Annual Debt Service$579,285.60
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