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319 East 93rd Street LLC Acquires Property From Diana Cormack And Jonathan Bradshaw For $6M

Property Image
SOLD
$6,000,000

New York

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MultiFamily8,648 SF
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Property Image
SOLD

319 East 93rd Street LLC Acquires Property From Diana Cormack And Jonathan Bradshaw For $6M

319 E 93rd St, New York, NY, 10128

See Similar Deals
MultiFamily8,648 SF
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$693
Total Square Footage:8,648 SF
Transaction Type:Sale

The property asset involved in the transaction is a five-story multifamily building located at 319 E 93rd St, New York, NY, 10128. The price for the building was $6,000,000.00, and it has a total square footage of 8,648. The property, built in 1920, consists of 10 apartments and is situated in the New York market.

Summary of transation details:

  • Property Type: Multifamily Building
  • Transaction Amount: $6,000,000.00
  • Address: 319 E 93rd St, New York, NY, 10128
  • Square Footage: 8,648
  • Seller: Diana Cormack and Jonathan Bradshaw
  • Buyer: 319 East 93rd Street LLC
  • Seller's Representative: Christopher Skitch - Cignature Realty Associates
  • Buyer's Representative: Peter Vanderpool - Cignature Realty Associates

Cignature Realty Associates facilitated the transaction by representing both parties involved. The sellers, Diana Cormack and Jonathan Bradshaw, were represented by Christopher Skitch, while the buyer, 319 East 93rd Street LLC, was represented by Peter Vanderpool, also of Cignature Realty Associates.

Players

CS
2 deals$11M volume
BROKER

Details

SOLD
IMAGE: 319 E 93rd St, New York, NY, 10128 MARKET: New York SELLER'S REP: Christopher Skitch-Cignature Realty Associates BUYER: 319 East 93rd Street LLC SELLER: Diana Cormack and Jonathan Bradshaw PRICE: $6,000,000.00 SF: 8648

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73