Efficiency Capital Advisors Acquires Multifamily Property In Yorkville For $10.2M
312 East 83rd Street, New York, NY, USA
$10,183,250
$1,213/SF
Building Size
8,395 SF
Asset Type
MultiFamily
Closing
Jan 6, 2021
AI
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.
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
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93