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Efficiency Capital Advisors Acquires Multifamily Property In Yorkville For $10.2M

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SOLD
$10,183,250

New York

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MultiFamily8,395 SF
Sold 01/07/2021
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Property Image
SOLD

Efficiency Capital Advisors Acquires Multifamily Property In Yorkville For $10.2M

312 East 83rd Street, New York, NY, USA

See Similar Deals
MultiFamily8,395 SF
Sold 01/07/2021
Contact now

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.

Players

3 deals$37.1M volume
BUYER

2 deals$17.9M volume
SELLER

Details

SOLD
IMAGE: William Crable DATE: 01/07/2021 ADDRESS: 312 East 83rd Street MARKET: Yorkville ASSET TYPE: Multifamily BUYER: Efficiency Capital Advisors - William Crable SELLER: Ventura Family PRICE: $10,183,250 SF: 8,395 ~ PPSF: $1,213

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,178.92
Cash-on-Cash Return-1.27%
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