Tatsumi Family Acquires Multifamily Asset At 322 East 93rd Street For $10.5M
SOLD
$10,500,000
New York
See Similar DealsMultiFamily8,390 SF
Sold 02/28/2025
SOLD
Tatsumi Family Acquires Multifamily Asset At 322 East 93rd Street For $10.5M
322 East 93rd Street
See Similar DealsMultiFamily8,390 SF
Sold 02/28/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,251
Total Square Footage:8,390 SF
Transaction Type:Sale
322 East 93rd Street is a multifamily property located in the Upper East Side market. The sale price for this asset was $10,500,000, with a total square footage of 8,390, resulting in a price per square foot of $1,251.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Address: 322 East 93rd Street
- Market: Upper East Side
- Square Footage: 8,390
- Price per Square Foot: $1,251
- Buyer: Tatsumi Family
- Broker: Lev Mavashev - Alpha Realty
The transaction involved the Tatsumi Family as the buyer, facilitated by Lev Mavashev of Alpha Realty, who represented the buyer in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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