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
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