Updated Dec 18, 2023
The Castegnello Family Sells Multifamily Property On Upper East Side For $4.4M With Lev Mavashev & Shai Egison - Alpha Realty
322 East 93rd Street, Manhattan, New York, NY, USA
$4,400,000
$524/SF
Building Size
8,390 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
About this deal
AI
The Castegnello Family has sold a multifamily property in the Upper East Side market of New York City. The property, located at 322 E. 93rd Street, was sold on October 13, 2021. The transaction was facilitated by Lev Mavashev and Shai Egison of Alpha Realty. The sale price for the property was $4,400,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 322 E. 93rd Street
- Market: Upper East Side
The property consists of 20 units with a price per unit (PPU) of $220,000. The total square footage of the property is 8,390, resulting in a price per square foot (PPSF) of $524. The successful sale was facilitated by Lev Mavashev and Shai Egison, representing Alpha Realty.
On the Map
$4,400,000
$524/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93