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
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