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322 East 93rd Street, Manha...

The Castegnello Family Sells Multifamily Property On Upper East Side For $4.4M With Lev Mavashev & Shai Egison - Alpha Realty
SOLDMultiFamily

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

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.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

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

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93