Antonio Ventura Acquires Apartment Buildings In Yorkville, Manhattan For $7.75M
SOLD
$7,750,000
New York
See Similar DealsMultiFamily16,417 SF
Sold 03/28/2022
SOLD
Antonio Ventura Acquires Apartment Buildings In Yorkville, Manhattan For $7.75M
317 East 89th Street, Brooklyn, New York 11236, United States
See Similar DealsMultiFamily16,417 SF
Sold 03/28/2022
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.
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30 years
10 years
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
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