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313 E 92nd St, New York, NY...

Icon Realty Sells Upper East Side Multifamily Property To Kenji Yamada
SOLDMultiFamily

Icon Realty Sells Upper East Side Multifamily Property To Kenji Yamada

313 E 92nd St, New York, NY 10128, USA & 313 E 92nd St, New York, NY 10128, USA

$8,400,000

$89/SF

Building Size

93,940 SF

Asset Type

MultiFamily

Closing

Apr 29, 2018

AI

The property asset involved in this transaction is a multifamily unit located at 313 East 92nd Street, New York, in the Upper East Side market. The asset consists of 10 units within a total square footage of 8,540 sf, and the price for this transaction was $8,400,000, amounting to a price per square foot of $983 and a price per unit of $840,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,400,000
  • Address: 313 East 92nd Street
  • City: New York
  • Market: Upper East Side
  • Square Footage: 8,540 sf
  • Price per Square Foot: $983
  • Units: 10
  • Price per Unit: $840,000
  • Seller: @IconRealty – Terrence Lowenberg & Todd Cohen
  • Buyer: Kenji Yamada

The deal involved notable individuals including sellers Terrence Lowenberg and Todd Cohen representing @IconRealty. The transaction brings together various stakeholders in the multifamily market, with Kenji Yamada stepping in as the buyer.

Players

Peter Von Der Ahe

Marcus & Millichap

Broker

$1.4B

vol

110 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

Todd Cohen

Seller

$189.3M

vol

8 deals

Seller

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

1.89%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93