facebook
Traded Co logo
Submit

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

Property Image
SOLD
$7,750,000

New York

See Similar Deals
MultiFamily16,417 SF
Sold 03/28/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
MultiFamily16,417 SF
Sold 03/28/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$472
Total Square Footage:16,417 SF
Transaction Type:Sale

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

9 deals$56.3M volume
SELLER

Details

SOLD
IMAGE: 03/28/2022 ADDRESS: 315 East 89th Street & 317 East 89th Street MARKET: Yorkville, Manhattan ASSET TYPE: Apartment ~ ZONING: R8B BUYER: Antonio Ventura SELLER: John J. Curreri PRICE: $7,750,000 BSF: 20,144 ~ PPBSF: $384 SF: 16,417 ~ PPSF: $427 FAR: 3.24 TAX CLASS: 2 LOT SIZE: 2,518 PERMITS: Alteration 2 (08/15/2017) LOT DIMENSION: 25 ft x 100.71 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$413,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45