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317 East 89th Street, Brook...

Antonio Ventura Acquires Apartment Buildings In Yorkville, Manhattan For $7.75M
SOLDMultiFamily

Antonio Ventura Acquires Apartment Buildings In Yorkville, Manhattan For $7.75M

317 East 89th Street, Brooklyn, New York 11236, United States

$7,750,000

$472/SF

Building Size

16,417 SF

Asset Type

MultiFamily

Closing

Mar 27, 2022

AI

The property involved in this closed transaction is located at 315 East 89th Street & 317 East 89th Street in Yorkville, Manhattan. The asset type is an apartment with a zoning classification of R8B. The transaction took place on 03/28/2022.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $7,750,000
  • Market: Yorkville, Manhattan
  • Buyer: Antonio Ventura
  • Seller: John J. Curreri
  • Building Square Footage (BSF): 20,144
  • Price per BSF (PPBSF): $384
  • Total Square Footage (SF): 16,417
  • Price per Square Foot (PPSF): $427

The property has a floor area ratio (FAR) of 3.24 and is classified under tax class 2. It has a lot size of 2,518 square feet and dimensions of 25 ft x 100.71 ft. An alteration permit was issued on 08/15/2017.

Players

John J. Curreri

Seller

$56.3M

vol

9 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

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93