Updated Dec 21, 2023
Avison Young Brokers Facilitate $42.25M Multifamily Sale In Upper East Side & East Village
319 East 83rd Street, New York City, New York 10028, United States
$6,000,000
$100/SF
Building Size
59,704 SF
Asset Type
MultiFamily
Closing
Feb 7, 2022
About this deal
AI
The East Side Trio, consisting of three properties located at 319 East 83rd Street, 443-445 East 88th Street, and 333-337 East 13th Street, was recently sold in a multifamily transaction. The sale took place in Upper East Side and East Village, two prominent neighborhoods in New York City.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $42,250,000
- Square Footage: 59,704
- Price per Square Foot: $708
The sale was facilitated by the brokers Brandon Polakoff, James Nelson, David Shalom, Eric Karmitz, and Ryan McGuirl from Avison Young. These individuals played a pivotal role in the successful completion of the transaction, representing the parties involved in the deal.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93