Jared Pinchasick Acquires 16-Unit Multifamily In Yorkville For $4.5M
SOLD
New York
See Similar DealsMultiFamily9,005 SF
Sold 08/11/2020
SOLD
Jared Pinchasick Acquires 16-Unit Multifamily In Yorkville For $4.5M
322 East 90th Street, New York, NY 10128
See Similar DealsMultiFamily9,005 SF
Sold 08/11/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$502
Total Square Footage:9,005 SF
Transaction Type:Sale
The transaction involves a multifamily asset located at 322 East 90th Street in the Yorkville market. The sale price reached $4,525,000, covering a total area of 9,005 square feet with a price per square foot of $502. The property contains 16 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,525,000
- Address: 322 East 90th Street
- Market: Yorkville
- Square Footage: 9,005
- Price Per Square Foot: $502
- Units: 16
- Buyer: Jared Pinchasick
- Seller: Rose Orell
- Broker: Eric Lupo - FriedmanRoth
Jared Pinchasick is identified as the buyer of the property, while Rose Orell is the seller. The broker representing the seller is Eric Lupo from FriedmanRoth, facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$241,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,076.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,450.81
Annual Debt Service$257,409.70
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